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

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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. Inventory record accuracy is especially critical for master production schedule users. 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. The primary objective of ERP is to integrate all departments and functions, internal and external, onto a single computer system to serve the enterprise’s needs. a) True b) False 4. The backlog at a work center increases when the work center receives more work than it finishes. a) True b) False 5. A local priority rule sets priority based only on the jobs waiting at that individual work center. a) True b) False 6. In network diagramming, arrows represent precedence relationships. a) True b) False 7. 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 8. 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.
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Exam 3 Key D - EXAMINATION 3, Version D Use a Scantron Form...

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