Exam 3 Key A - EXAMINATION 3, Version A Use a Scantron Form...

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Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. What are purchased items or extracted materials that will be transformed into components or products called? a) work-in-process inventory b) finished goods inventory c) raw materials inventory d) distribution inventory e) MRO inventory 2. Hand tools, lubricants, and cleaning supplies are usually examples of what? a) WIP inventory b) finished goods inventory c) raw materials inventory d) distribution inventory e) MRO inventory 3. What costs are considered in the quantity discount model? a) annual ordering costs + annual holding costs b) annual purchasing costs + annual holding costs + annual ordering costs c) annual ordering costs + annual holding costs + annual shortage costs d. annual purchasing costs + annual ordering costs + annual holding costs + annual shortage costs e. ordering costs per order + annual holding costs 4. The ranking in ABC inventory analysis is based on what? a) annual dollar usage b) annual demand in units c) alphabetical order d) unit price e) item number 5. The next level down in the planning process after development of the aggregate plan is the _____________. a) materials requirements plan b) engineering plan c) rough-cut capacity plan d) master production schedule e) purchasing plan 6. What type of aggregate plan maintains a constant workforce and produces the same amount of product in each time period? a) uniform
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This note was uploaded on 10/17/2011 for the course MNGT 368 taught by Professor Curthurds during the Spring '08 term at Nicholls State.

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Exam 3 Key A - EXAMINATION 3, Version A Use a Scantron Form...

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