Walden BUSI2003 Week 6 final exam

Question 1In small cushion strategy, the Prm is more conservative with respect to capacity.

Question 2 Assume a business 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 oQ its accounts receivable to this company and it takes 120 days for the company to pay for the materials supplied by the suppliers. What is the company’s average cash-to-cash cycle time?

Question 3 The meaning of quality has evolved greatly over the past century. Which of the following statements best exempli es the current meaning of quality?        

Question 4 Which of the following is not a reason for quality improvement failure?

Question 5 Aggregate planning must be a coordinated, cross-disciplinary activity, as it should consider the management of both supply (capacity) and demand. From a demand perspective, important factors to consider when managing demand include all of the following except:                                                          

Question 6 The forecasting techniques of exponential smoothing and moving average that have rapid response rates to changes in the mean level of demand have:

Question 7Throughput time, process Kow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process.

Question 8Performance Quality means producing a product or delivering a service that meets the required speciFcations.

Question 9Transportation of materials into or out of a facility is the responsibility of the logistics function.

Question 10Which of the following is NOT a type of facility choice?

Question 11 Assume you have been assigned the task of identifying a level strategy aggregate production plan for the upcoming year. You have

been informed that beginning inventory is 2,000 units, your plan should provide an ending inventory for the year equal to 500 units,

and you have been provided the following forecasts of aggregate demand. What should be the planned rate of quarterly production?

Question 12Hiring and layoC of workers are more common in a chase strategy than in a level strategy.

Question 13Using a three-period, weighted moving average forecast model with weights of 0.50, 0.40, and 0.10 (weights decline with the age of the demand observation), what would the forecast of demand be for the upcoming week 6 given the historical demands shown below?

Question 14 Even with perfect information available at all levels. The bullwhip eNect can be observed in a supply chain because of short replenishment lead times.                                       

Question 15Which of the following is not a step in the purchasing cycle?

Question 16The four diQerent dimensions of quality include all of the following except:

Question 17The process of constructing a  owchart for service operations is also referred to as service blueprinting.                                       

Question 18        Assume you have been assigned the task of identifying a chase strategy aggregate production plan for the upcoming year. You have been informed that beginning inventory is 500 units, your plan should provide an ending inventory for the year equal to 200 units, and you have been provided the following forecasts of aggregate demand. Knowing that the typical objective of chase plans is to avoid carrying inventory, what should be the planned rate of production for the rst quarter?

Question 19        Which of the following statements concerning ISO 9000 is false?

Question 20        The improvement goals of the transformation process typically are to increase eVciency, reduce throughput time, increase quality, or even improver worker morale.

Question 21According to Little’s Law, average throughput time equals average inventory * average         low rate.                             

Question 22In a process thinking philosophy, it is important to:

Question 23 A negative value of capacity cushion indicates that the average demand is less than the capacity available.

Question 24There are four basic types of facility choices. Which of the following statements concerning facility choices is not true?                                                            

Question 25 Which of the following is incorrect about the qualitative approach to forecasting?