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1) __________ is when the activities in the stage must stop because there is no place to deposit the item just completedA. BufferingB. BlockingC. StarvingD. Pacing2) According to your text, the most common process metric isA. productivityB. efficiencyC. utilizationD. throughput time3) Declining product pricesA. increase the manufacturing costsB. lower the break-pointC. result in lower manufacturing costsD. increase the break-even point4) The type of processing structure that is used for producing discrete products at a controlled rate isA. job shopB. batchC. assembly lineD. project5) The best process flow structure to use for making automobiles isA. job shopB. batch shopC. group technology cellD. assembly line6) The break-even analysis is a standard approach to determine alternative processes A break-even analysis chart usually present alternative __________ and __________ based upon the units produced or soldA. demand, supplyB. profits, lossesC. equipment, materialsD. variable, fixed costs7) A statistical term that refers to the philosophy and methods companies use to eliminate defects in their products and processes by establishing a quality goal of no more than four defects out of every million units isA. ISO 9000B. Six SigmaC. Total Quality ManagementD. SERVQUAL8) Independent demand isA. inventory where demand comes from independent suppliersB. inventory that is independent of any known rules of demand and supplyC. demand that is related to the demand for another itemD. demand determined by the marketplace that requires forecasting9) An inventory system designed to ensure that an item will be available on an ongoing basis throughout the year is known asA. Optional Replenishment SystemB. Inventory Accuracy and Cycle CountingC. ABC Inventory PlanningD. Multiperiod Inventory Systems10) A/an __________ approach actually schedules in detail each resource using the setup and runtime required for each orderA. infinite loadingB. finite loadingC. forward schedulingD. backward scheduling11) What is the net result of reducing the duration of a task (crashing) not on the critical path?A. Decreased project overhead costsB. Reduced likelihood of liquidated damages for late deliveryC. Increased slack time associated with the taskD. Reduction in the project duration12) The idea of the value density calculation isA. finding a carrier that can handle the weightB. matching the weight of the product with an appropriate carrierC. deciding where items should be stocked geographically and how they should be shippedD. finding the minimum cost carrier13) When designing a supply chain,A. cost vs customer service must be consideredB. quality vs cost must be consideredC. lead times vs payment terms must be consideredD. customer service vs product customization must be considered14) According to Hau Lee, which of the following types of products need to be delivered with efficient supply-chains?A. Custom productsB. Innovative productsC. Grocery productsD. High technology products15) Which of the following product promotional activities would probably help make the supply chain more efficient?A. Price promotions that expire on a specific dateB. An "everyday" low price strategy where prices are not dependent on quantity delivered with a specific orderC. Special packaging for a specific event that occurs one time each yearD. A 2-for-1 price promotion16) The best operating level isA. the maximum point of the cost curveB. the level of capacity for which average unit cost is minimizedC. maximum capacityD. the level of capacity for which total cost is minimized17) Capacity utilization rate can be computed asA. Capacity used – best operating levelB. Capacity used x best operating levelC. Capacity used / best operating levelD. Capacity used + best operating level18) The objective of __________ is to provide an approach for determining the overall capacity level of capital-intensive resources that best supports the company's long-range competitive strategyA. workforce managementB. management supervisionC. operations managementD. strategic capacity planning
19) Lean production systems typically requireA. delivery of large lots at frequent intervalsB. buyer inspection of goods and materialsC. multiple sources from which to purchaseD. low inventory levels throughout production
20) Given that the previous forecast of 65 turned out to be four units less than the actual demand The next forecast is 66 What would be the value of alpha if the simple exponential smoothing forecast method is being used?A. 002B. 04C. 004D. 0.2521) Linear regression sales forecasting techniquesA. work best when future sales are randomly distributedB. will not work for declining salesC. work best when sales are increasingD. will not work if future sales forecasts lie on a curve22) What should the value of alpha be in an exponential smoothing forecast to be very responsive to recent demand?A. LargeB. SmallC. NegativeD. Zero23) Which of the following statements are true about time-series forecasting?A. Time series analysis employs empirical data to forecast future eventsB. Time series analysis is used to understand the system underlying and surrounding the item being forecastC. Under time-series methods, demand is divided into the time-based components such as daily, weekly, etcD. Time series methods are useful for long-range forecasts when the demand pattern is erratic24) One option for altering the pattern of demand isA. hiring employeesB. using overtimeC. carrying inventoryD. pricing25) Aggregate planners balanceA. demand and costsB. demand and inventoriesC. demand and capacityD. supply and inventories26) Which of the following reflects net material requirements:A. gross requirements – scheduled receiptsB. gross requirements – projected available balance + scheduled receiptsC. gross requirements – projected available balance - scheduled receiptsD. gross requirements – scheduled releases27) Which MRP system input element specifies how many and when the firm plans to build each end item?A. Inventory records fileB. Bills of materialC. Master production scheduleD. Capacity planning28) Which of the following is true about MRP Systems?A. Based on independent demandB. Lot sizing is based on Economic Order QuantityC. Demand pattern is randomD. Objective is to meet manufacturing needs29) A Material Requirements Planning (MRP) is most valuable in industries where a number of products are made in batches using the same productive equipment and with companies involvingA. fabricationB. low number of units annuallyC. complex, expensive productsD. assembly operations
The Occupational Safety as well as Health Administration requires the firm to install new ventilating equipment in its plant, Theory Question regarding specific factors affecting firm's breakeven point
Find out the expected stream of dividends per share for investor who plans to retain his shares rather than sell them back to the company? Check your estimate of share vaue by discounting this stream of dividends per share.
The real risk-free rate is 3.25%. Inflation is expected to be 1.75% this year and 5% during the next 2 years. Assume that the maturity risk premium is zero.
Evaluate the payback period for each project. Which project would you select based on the payback period and find the NPV for each project. Which project would you select based on the NPV?
Analysts expect Rogue Transport's dividends to grow by 6% per year for the foreseeable future. Using the capital asset pricing model, what is Rogue Transport's cost of retained earnings?
How much of the accounting department costs will be allocated to the production?
Which of the following is true regarding the primary market?
If the NPV is zero for a potential project, does that always mean that the project should be rejected?
Define Program Management (within the DoD) and list three traits of an effective program manager. What are Acquisition Categories (ACATs) and why is the Milestone Decision Authority (MDA) important?
Bond J is a 3 percent coupon bond. Bond K is a 9 percent coupon bond. Both bonds have 13 years to maturity, make semiannual payments, and have a YTM of 6 percent.
Compare and contrast the firm's actions with your findings in part c. Which decision method seems more appropriate? Explain why.
The Fridge- Air Company's preferred stock pays a dividend of $ 4.50 per share annually. If the required rate of return on comparable quality preferred stocks is 14 percent, calculate the value of Fridge- Air's preferred stock.
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