Week 6 Final Exam Questions & Answers Rated A

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• Question 1 4 out of 4 points Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed that beginning inv... entory is 2,000 units, your plan should provide an ending inventory for the year equal to 500 units, and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production? • Question 2 4 out of 4 points Aggregate planning is concerned with matching supply and demand of output over a short time range of 2 to 3 months. • Question 3 4 out of 4 points Measured by the mean absolute deviation, which of the forecast methods (1, 2 or 3) provides the highest degree of forecast accuracy for the five weeks of data shown below? • Question 4 4 out of 4 points Assume a business has $700,000 worth of inventory and averages $10,000 per day in sales. Also assume it takes 30 days for the average customer to pay off its accounts receivable to this company and it takes 120 days for the company to pay for the materials supplied by the suppliers. What is the company's average cash-to-cash cycle time? • Question 5 4 out of 4 points Which of the following is not a qualitative approach to forecasting? • Question 6 4 out of 4 points Which of the following is not an element of the quality cycle? • Question 7 4 out of 4 points The forecasting techniques of exponential smoothing and moving average that have rapid response rates to changes in the mean level of demand have: • Question 8 4 out of 4 points A negative value of capacity cushion indicates that the average demand is less than the capacity available. • Question 9 4 out of 4 points Sales and Operations Planning (S&OP) is a stand-alone system that is used to match supply and demand using a cross-functional approach. • Question 10 0 out of 4 points Factors that need to be considered when making facility-planning decisions include all of the following except: • Question 11 4 out of 4 points A supply chain refers to: • Question 12 4 out of 4 points Which of the following statements concerning ISO 9000 is false? • Question 13 4 out of 4 points The Box-Jenkins forecasting method is an example of a time series forecasting method. • Question 14 4 out of 4 points Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have been informed that beginning inventory is 0 units, your plan should provide an ending inventory for the year equal to 0 units, and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production? • Question 15 4 out of 4 points The measures of quality used in manufacturing processes can be readily transferred to service operations. • Question 16 4 out of 4 points Facility planning entails five crucial decisions, including all of the following except: • Question 17 4 out of 4 points Outsourcing occurs when a firm moves work performed internally to another facility belonging to the same firm but in another country. • Question 18 4 out of 4 points Using a three-period, weighted moving average forecast model with weights of 0.50, 0.40, and 0.10 (weights decline with the age of the demand observation), what would the forecast of demand be for the upcoming week 6 given the historical demands shown below? • Question 19 4 out of 4 points Supplier certification means the supplier has control over the processes and can pass an ISO 9000 type of audit at the very least. • Question 20 4 out of 4 points The four "costs of quality" include all of the following except: • Question 21 0 out of 4 points Which of the following is NOT a type of facility choice? • Question 22 4 out of 4 points Utilization = Nominal Capacity/Output. • Question 23 4 out of 4 points Training is an example of appraisal costs. • Question 24 4 out of 4 points Little's Law in a manufacturing process relates to: • Question 25 4 out of 4 points According to Little's Law, average throughput time equals average inventory * average flow rate. [Show More]

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