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BUS 430 WEEK 8 QUIZ • Question 1 Backorders ____. • Question 2 Demand that incorporates uncertainty is called ____. • Question 3 Which of the following is not a key assumption underlining the classic economic order quantity (EOQ) model? • Question 4 Costs associated with backordering a product are called ____ costs. • Question 5 Costs associated with inspecting, unpacking and putting into storage incoming inventory are components of ____ cost. • Question 6 Inventory that acts as a buffer between workstations in flow shops or departments in job shops is called ____ inventory. • Question 7 For the single-period inventory model, solving for the optimal order quantity involves using • Question 8 Which of the following is not a key input to a single period inventory model? • Question 9 Demand that varies over time is called ____. • Question 10 Which is not an advantage of the periodic review system? • Question 11 Inventory that represents partially completed products waiting further processing is called ____ inventory. • Question 12 Using a fixed quantity system (FQS), as the reorder point increases • Question 13 In ABC inventory analysis, which of the following is true for “C” items? • Question 14 Average inventory in the EOQ model is defined as • Question 15 “The inability to satisfy the demand for an item” is the definition of a • Question 16 A(n) ____ is a statement of how many finished items are to be produced and when they are to be produced. • Question 17 Which of the following is not an aggregate planning decision option? • Question 18 Which of the following is not correct regarding aggregate planning? • Question 19 Which lot sizing rule might use the EOQ calculation? • Question 20 Capacity requirements are computed by multiplying the number of units scheduled for production at a work center by • Question 21 Which lot sizing rule is best when inventory carrying costs are high and setup/order costs are low? • Question 22 Setting order sizes and schedules for individual subassemblies and resources by week or day fits best with which level of the generic framework for resource planning? • Question 23 The direct inputs to material requirements planning include all of the following except • Question 24 An inventory item can be • Question 25 The Lot-for-Lot (LFL) rule • Question 26 Which aggregate planning strategy generally would result in the least amount of inventory? • Question 27 Promotion of weekly discount airfares by an airline would be an example of ____. • Question 28 Which lot sizing rule might base the order quantity on a standard-size container or pallet load? • Question 29 The words “product family,” “budget allocation” and “long-term” fit best with which level of the generic framework for resource planning? • Question 30 If a work center load report indicates insufficient capacity, options for correcting the problem include all of the following except

BUS/430 BUS430 BUS 430 WEEK 8 QUIZ

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