Week Test (Quiz) PDF

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Quiz to practice for the Final Exam...

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BSc in International Business Economics 2019-2020

Jessica Rodríguez Pereira

1. When marketing, engineering, and operations simultaneously develop a process (cross –functional integration), this approach is known as __________ ________________. A. sequential process B. traditional approach C. concurrent engineering D. both A and B E. none of the above

2. Which of the following statements is true about value analysis/value engineering (VA/VE)? A. The purpose of VA/VE is to simplify products and processes. B. The objective of VA/VE is to achieve equivalent or better performance at a lower cost. C. VA is performed before the production stage, while VE deals with products already in production. D. both A and B E. A, B, and C

3. ________ is when the activities in the stage must stop because there is no place to deposit the item just completed. A. Buffering B. Blocking C. Starving. D. None of the above

4. The most common things that can happen when two stages are directly linked are: A. Buffering B. Blocking C. Starving. D. A and B E. B and C F. A, B, and C

5. Which phrase most closely describes the Delphi forecasting technique? A. Consumer survey B. Random individual opinions C. Group of expert’s opinion D. Test markets E. Historic data F. A and D

6. Which of the following statements are true about timeseries forecasting? A. Time series analysis is based on the idea that the history of occurrences over time can be used to predict the future. B. Time series analysis tries to understand the system underlying and surrounding the item being forecast. C. Under time-series methods, demand is divided into the time-based components such as daily, weekly, etc. D. Time series methods are useful for long-range forecasts when the demand pattern is erratic.

7. Which of the following would not be classified as a time-series technique? A. Simple moving average. B. Exponential smoothing. C. Trend projections. D. Regression model.

8. Which of the following accurately describes a chase strategy? A. The firm produces the same amount each day over the planning period and deals with the variations and demand through the use of inventory or overtime. B. The firm produces at the same level for several months, and then adjusts production to another level and produces at that level for several more months. C. The firm produces exactly what is needed every month. D. All of the above could describe the strategy, depending on the organization. E. None of the above accurately describes it.

9. Aggregate planners balance: A. demand and costs B. demand and inventories C. demand and capacity D. supply and inventories E. supply and cost

10. Which MRP system input element specifies how many and when the firm plans to build each end item? A. Inventory records file B. Bills of material C. Master production schedule D. Capacity planning E. None of the above

11. The gross requirements of a given component part in an MRP system are determined from: A. net requirements + on-hand B. net requirements of end item C. gross requirements of the immediate part D. planned order releases of the end item E. planned order releases of the immediate parents

12. Which of the following is not an assumption of the basic economic-order quantity model? A. annual demand is constant and known B. lead time is constant C. ordering or setup costs are constant D. quantity discounts are available

13. In the basic Q model, if the lead time doubles, the EOQ will: A. decrease by half B. double C. remain the same D. increase, but not double E. none of the above

14. Which of the following is not a priority rule for job sequencing? A. shortest processing time B. slack time remaining C. last come, first served D. critical ratio E. earliest due date F. all above are priority rules

15. Johnson's rule is a sequencing rule used for scheduling any number of jobs on two machines. A. True B. False...