Exam 3 Key D (2)

Exam 3 Key D (2) - EXAMINATION 3, Version D Use a Scantron...

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EXAMINATION 3, Version D 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. Lot-for-lot ordering is commonly used in materials requirements planning systems. a) True b) False 2. An advantage of the chase aggregate plan is that it minimizes finished good holding costs. a) True b) False 3. A primary objective of the master production schedule is to achieve the desired customer service level. a) True b) False 4. The gross requirements of a given component part are determined from planned orders of the parent. a) True b) False 5. Crashing is shortening the total time for completing a project by incurring higher costs from shortening activities. a) True b) False 6. 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 7. If the EOQ is ordered, which of the following is true? a) Annual ordering cost exceeds annual holding cost. b) Annual holding cost exceeds annual ordering cost. c) Annual ordering cost is equal to annual holding cost. d) The sum of annual ordering cost plus annual holding cost is maximized. e) The annual holding cost curve is decreasing. 8. 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 1
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9. What type of aggregate plan maintains a constant workforce and produces the same amount of product in each time period? a)
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Exam 3 Key D (2) - EXAMINATION 3, Version D Use a Scantron...

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