About the theory of constraints is true

Assignment Help Operation Management
Reference no: EM131792791

1. Which of the following is considered a strategic move to increase supply chain resilience? a) Shift some emphasis from efficiency to business continuity b) Maintain higher inventory levels for critical components c) Identify alternate suppliers with different operating conditions d) Create backup of information systems

2. Assume a company 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 invoice to this company and it takes 120 days for the company to pay for the materials supplied by its suppliers. What is the company’s average cash-to-cash cycle time? a) 20 days b) 40 days c) -10 days d) -20 days

3. Which of the following statements regarding lean systems is FALSE? a) Lean systems are a “push” type of production planning system b) Lean systems emphasize reduction in setup (changeover) time c) Lean systems emphasize reduction in inventory levels d) Lean systems utilize “kanbans” to signal the need for production

4. All of the following about the Theory of Constraints is true except: a) Assumes that most companies have a goal to make more money now and in the future b) A key necessary condition is to satisfy customer needs now and in the future c) Is primarily focused on optimizing all activities in the organization d) Assumes there are very few factors that truly block the organization from achieving its goal

5. A bill of materials a) is a structured list of all the materials or parts needed to produce one unit of a finished product b) is rarely revised once established c) will lead to sufficient MRP system performance as long as the “threshold degree” of accuracy of approximately 75% is met d) is used as an input for dispatching decisions on the shop floor

6. The type of strategy used with respect to the amount of capacity cushion when "the cost or consequence of running out is approximately in balance with the cost of excess capacity" is called: a) small cushion b) large cushion c) moderate cushion d) none of the above

Reference no: EM131792791

Questions Cloud

What are the dimension of the kennel that will minimize cost : Minimum cost a kennel of 640 square feet is to be constructed as shown. The cost is $4 per running foot for the sides and $1 per running foot for the ends.
Describe issues team is facing related to physical security : Describe the issues the team is facing related to physical security of data. Describe the job functions typically serving on a systems development team.
Calculate the company z-score : Find the financial statements for Amazon and EBay, and calculate the company's z-score. Identify (approximately 100 words) whether you think the company.
Calculate the inventory value at the end year : Calculate the inventory value at the end of 2013, 2014, 2015, and 2016 using the dollar-value LIFO method.
About the theory of constraints is true : Which of the following is considered a strategic move to increase supply chain resilience? All of the following about the Theory of Constraints is true except:
Calculate the firm wacc adjusted for taxes : The following market information was gathered for the Blender Corporation. The firm has 1,000 bonds outstanding, each selling for $1,100.00.
How much interest will be paid annually on these bonds : Ariel, Inc., issued $30 million face amount of 9% bonds, How much interest will be paid annually on these bonds
What taxes must be paid on the dividends : A firm that owns the stock of another corporation does not have to pay taxes on the entire amount of dividends received.
What rent should be charged per month to maximize profit : If the monthly cost of maintaining the apartment building is $12 per rented unit, what rent should be charged per month to maximize the profit?

Reviews

Write a Review

Operation Management Questions & Answers

  Contrast forecasting the internal labor market

Part of forecasting a firm's labor supply requires an understanding of current and future skill and competency trends in the labor market. Compare and contrast forecasting the internal labor market and the external labor market. Be certain to discuss..

  Approves study abroad documents

Mark Lane approves study abroad documents for the University of Utah. Students must wait in line with their forms outside Mark's office. One student at a time is allowed in his office and Mark takes precisely 25 minutes to evaluate each student’s set..

  Analysis is important in health services environment

Argue why capacity analysis is important in a health services environment.

  Flow of corn-flow of dollars between suppliers-manufacturer

A snack food manufacturer buys corn for tortilla chips from two cooperatives, one in Iowa and one in Illinois. The price per unit of the Iowa corn is $5.75 and the price per unit of the Illinois corn is $6.25. Draw a diagram to show the flow of corn ..

  Determine an order size which will minimize the sum of order

determine an order size which will minimize the sum of ordering also carrying costs for every of the six-month periods.

  What are industries most suited to each of these strategies

Used properly, the strategy for entering a new industry can result in profits and expansion; used poorly, it can result in failure across the board, even affecting the original company. In this assignment, you will consider how these strategies can w..

  How should adel decide whom to take on the negotiation

Adel works for a major airplane manufacturer in the Midwest. He must travel to Washington, D.C., to negotiate revisions to a contract with the U.S. military. The key issues presented are cost overruns due to complex engineering changes. What factors ..

  Describe the company supply chain

Describe the company's supply chain Identify a process internal to the company that you wish to analyze. Describe the process internal to the company that you wish to analyze.

  Reverse discrimination exists when affirmative action plan

Reverse discrimination exists when the affirmative action plan is unfair to white males in that it selects unqualified women and minorities over them,

  Explain the senior and middle management teams

The CEO, knowing that professional logistics expertise has been missing from her organization, has asked you to prepare a PowerPoint Presentation of 10-15 slides for the rest of the senior and middle management teams.

  Write down the advantages and disadvantages of transporting

what are the advantages and disadvantages of transporting product via pipeline? research the web and supply the name

  Follow the cobra-hipaa and erisa rules

If a company chooses to provide health care to employees, they have to follow the COBRA, HIPAA, and ERISA rules.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd