MGT302 Quizzes Week 2

Question 1

1 / 1 pts

Which process type is best suited for a company offering customized products and/or services?

Batch

Correct!

Job Shop

 Assembly Line

 Continuous

Question 2

1 / 1 pts

Customer transactions information will likely include which of the following?

Sales calls and service requests

 Customer age and education level

Correct!

Purchase and return histories

 Customer responses to promotions

Question 3

1 / 1 pts

The following are costs associated with the bullwhip effect except?

Idle capacity

Correct!

Reduced supply chain costs

Excess inventory

Stockouts

Question 4

1 / 1 pts

What type of inventory function allows demand to be met during periods of expected high demand?

Correct!

Anticipation

 Cycle

 Hedge

 Transportation

Question 5

1 / 1 pts

Types of inventories include all of the following except?

Raw materials

 Correct!

Returned goods

 Work-in-process

 Finished goods

Question 6

1 / 1 pts

Inventory cost reduction will result in?

Profit increase

Correct!

Profit increase, but only if stockout costs are avoided

 Profit decrease

 Profit decrease, but only if stockout costs are avoided

Question 7

1 / 1 pts

External demand for a firm’s finished products is?

Correct!

Independent demand

 Dependent demand

 Both independent and dependent demand

 Neither independent nor dependent demand

Question 8

1 / 1 pts

Which type of inventory would be more likely to be held in assembly line process versus in a job shop process?

Work in process

Correct!

Raw materials

 Perishable goods

 Finished goods

Question 9

1 / 1 pts

When to place an order is driven by?

Order lead time

How many units are demanded during lead time

Correct!

Both order lead time and how many units are demanded during lead time

Neither order lead time nor how many units are demanded during lead time

Question 10

1 / 1 pts

Total annual inventory costs include all of the following except?

Carrying costs

 Order costs

Correct!

Marketing costs

 Stockout costs

Question 11

1 / 1 pts

Increasing the amount of inventory that is held decreases the risk of a stockout.

Correct!

True

 False

Question 12

0 / 1 pts

Quantitative forecasts are based on opinions and intuition.

You Answered

True

Correct Answe

False

Question 13

0 / 1 pts

The weighted moving average forecasting technique tends to do a good job tracking trend in demand.

You Answered

True

Correct Answer

False

Question 14

1 / 1 pts

Interest in sustainability initiatives has increased in recent years.

Correct!

True

 False

Question 15

1 / 1 pts

A box of cereal on a grocery store shelf is an example of a work-in-process.

True

Correct!

False

Question 16

1 / 1 pts

A low IDS level indicates that too much inventory is being held.

True

Correct

False

Question 17

1 / 1 pts

Percentage of orders unfilled (a stockout occurs) is a post-transaction measure of customer service performance.

True

Correct!

False

Question 18

1 / 1 pts

In an EOQ model with variable demand, stockouts cannot occur.

True

Correct!

False

Question 19

1 / 1 pts

In CPFR, trading partners should exercise caution and be reluctant to share information.

True

Correct!

False

  Question 20

1 / 1 pts

Increasing capacity in an area of process that is not a bottleneck is likely to positively impact process capacity.

True

Correct!

False