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

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EXAMINATION 3, Version E 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. 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 2. What costs are considered in the basic EOQ model? a) annual ordering costs + annual holding costs b) annual purchasing costs + annual holding 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 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. Next level down in the planning process after development of the aggregate plan is ____________. a) materials requirements plan b) engineering plan c) rough-cut capacity plan d) master production schedule e) purchasing plan 5. For the level aggregate plan, fluctuations in demand are absorbed by _______________________. a) inventory and subcontracting
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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 E - EXAMINATION 3, Version E Use a Scantron Form...

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