BUS_370_Test_3_FA10

BUS_370_Test_3_FA10 - BUS 370 Fall 2010 Test 3 Directions:...

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BUS 370 – Fall 2010 – Test 3 Directions: Fill in your name and student ID. Shade the corresponding letters and numbers on the answer sheet. For the “Special Codes” section to the left of the identification number, put the number XXXXXX and shade the bubbles below. Answer each question with the one best choice by marking the letter of the answer on the attached answer sheet. Each of the 25 questions is worth 4 points for a total of 100 points. 1. The following statement about the Sales and Operations Planning (S&OP) process is true: a) Evaluates supply, demand and cash flow for future periods b) Aligns strategic plans c) Weekly Meeting d) Calculates Available to Promise (ATP) 2. The mix of products or services is not the same from one period to the next (ex., one product has most of its sales volume in the winter and another product has most of its sales volume in the summer). a) Bottom-up b) Top-Down c) Level d) Chase 3. In the Covolo diving gear case, the following statement is true about the increase in the forecast: a) Production changed the forecast b) The supplier caused the forecast to go up c) Sales were going down d) Marketing increased the forecast 4. Sales and Operations Planning can be used in services as well as manufacturing. One strategy to improve a service operation is to smooth out demand. An example of this is: a) Level Strategy b) Part-time workforce c) Seasonal workforce d) Discounts/Promotions
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Use the following information for the next 2 questions: Additional Data Hours worked per month per worker = 130 Hours per unit = 10 Inventory Cost = $3/unit/month Hiring Cost per Worker = $ 800 Firing Cost per Worker = $ 600 5. The total cost for a 4 month level production plan is: Starting Workforce = 24 Starting Inventory = 100 Demand in Workers needed Actual Actual Ending Month Demand Worker Hours to meet Prod Plan Employees Production Firings Hirings Inventory 1 260 2 286 3 325 4 273 a) $ 1.317 b) $ 2,517 c) $ 2,917 d) $10,000 6. The total cost for a 4 month chase production plan is: Starting Workforce = 24 Starting Inventory = 100 Demand in Workers needed Actual Actual Ending Month Demand Worker Hours to meet Prod Plan Employees Production Firings Hirings Inventory 1 260 2 286 3 325 4 273 a) $ 2,517 b) $ 7,600 c) $ 8,800 d) $10,000
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7. A company which produces electricity, like Progress Energy, is considering buying extra coal to hold in inventory. They want to buffer against a potential strike at a major coal producer which would likely result in a significant price increase. This type of inventory is: a) Cycle stock b) Hedging c) Anticipation d) Safety stock 8. An entrepreneur rents a corner lot on a busy intersection to sell Christmas trees in December. Any inventory not sold by Christmas will be worthless and will need to be thrown away. The following type of independent demand inventory system is appropriate for Christmas tree inventory: a) Single Period b) Continuous Review c) Volume Discount d)
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This note was uploaded on 10/17/2011 for the course BUS 370 taught by Professor Favre during the Spring '08 term at N.C. State.

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BUS_370_Test_3_FA10 - BUS 370 Fall 2010 Test 3 Directions:...

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