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

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EXAMINATION 3, Version C 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. In inventory management, when discussing customer service we mean: a) whether the customer is available when the product is. b) whether the product is available regardless if the customer desires it or not. c) whether the product is available when the customer wants it. d) whether the customer wants the available product. e) whether repair of the product is available. 3. If annual demand is 48,000 units, orders are placed in quantities of 2000 units at a time, and the cost to place an order is $80, what is the annual ordering cost? a) $1,920 b) $3,840,000 c) $160,000 d) $80 e) $4,160 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. A company’s plan is a statement of the resources available to the operations group during the next 6 to 18 months. a) aggregate b) master c) strategic d) project e) tactical 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 C - EXAMINATION 3, Version C Use a Scantron Form...

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