Chapter 13—Resource Management
1. The purpose of aggregate planning is to
|
a. |
Minimize the work force size |
|
b. |
Maximize the production rate |
|
c. |
Minimize the cost of meeting demand |
|
d. |
Optimize the inventory level |
2. The words "product family," "budget allocation" and "long-term" fit best with which level of the generic framework for resource planning?
|
a. |
Aggregate planning - Level 1 |
|
b. |
Disaggregation - Level 2 |
|
c. |
Execution - Level 3 |
|
d. |
Capacity requirements planning |
3. If forecast demand exceeds the total factory or supply capacity, managers might simply decide not to meet forecast demand. This decision would most likely be made at which planning level?
|
a. |
Aggregate planning - Level 1 |
|
b. |
Disaggregation - Level 2 |
|
c. |
Execution - Level 3 |
|
d. |
Capacity requirements planning |
4. Assigning people to tasks, setting priorities for jobs and scheduling equipment fits best with which level of the generic framework for resource planning?
|
a. |
Aggregate planning - Level 1 |
|
b. |
Disaggregation - Level 2 |
|
c. |
Execution - Level 3 |
|
d. |
Capacity requirements planning |
5. 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?
|
a. |
Aggregate planning - Level 1 |
|
b. |
Disaggregation - Level 2 |
|
c. |
Execution - Level 3 |
|
d. |
Capacity requirements planning |
6. Which of the following is not an aggregate planning decision option?
|
a. |
Pricing and promotions |
|
b. |
Subcontracting |
|
c. |
Layoffs |
|
d. |
Building a new plant |
7. Promotion of weekly discount airfares by an airline would be an example of ____.
|
a. |
Demand management |
|
b. |
Production rate changes |
|
c. |
Inventory changes |
|
d. |
Facility, equipment, and transportation changes |
8. Which aggregate planning strategy generally would result in the least amount of inventory?
|
a. |
Level production |
|
b. |
Chase demand |
|
c. |
Mixed |
|
d. |
Period-Order-Quantity (POQ) |
9. Which of the following is not correct regarding aggregate planning?
|
a. |
Large number of alternatives |
|
b. |
Good solutions by trial-and-error method |
|
c. |
Seasonal fluctuations in demand |
|
d. |
Costs are sunk and irrelevant |
10. A(n) ____ is a statement of how many finished items are to be produced and when they are to be produced.
|
a. |
Aggregate Plan |
|
b. |
Master Production Schedule |
|
c. |
Material Requirements Plan |
|
d. |
Capacity Requirements Plan |
11. The direct inputs to material requirements planning include all of the following except
|
a. |
Master Production Schedule |
|
b. |
Inventory, SKU, and Transaction files |
|
c. |
Bills of Material |
|
d. |
Capacity Requirements Plan |
12. The primary output of an MRP system is a time-phased report that gives all of the following except
|
a. |
The facilities managers a detailed schedule for acquiring additional factory space |
|
b. |
The accounting and financial functions production information that drives cash flow, budgets, and financial needs |
|
c. |
The production managers a detailed schedule for manufacturing the product and controlling manufacturing inventories |
|
d. |
The purchasing department a schedule for obtaining raw material and purchased items |
13. An inventory item can be
|
a. |
Only a parent |
|
b. |
Only a component |
|
c. |
Both a parent and a component |
|
d. |
Either a parent or a component, but not both |
14. ____ are the total demand for an item derived from all of its parents.
|
a. |
Planned order releases |
|
b. |
Gross requirements |
|
c. |
Scheduled receipts |
|
d. |
Planned order receipts |
15. The Lot-for-Lot (LFL) rule
|
a. |
Minimizes purchase or setup costs |
|
b. |
Allows the firm to take advantage of quantity discounts (price breaks) by suppliers |
|
c. |
Is best applied when inventory carrying costs are high and setup/order costs are low |
|
d. |
Masks the true nature of dependent demand |
-
Rating:
/5
Solution: Chapter 13—Resource Management