Aggregate Planning Quiz: Key Concepts & Strategies

10/18/23, 4:07 PM M6.C1A: Quiz 6: 2023F BIA 674-WS M6.C1A: Quiz 6 Due Oct 22 at 11:59pm Points 100 Questions 10 Time Limit 30 Minutes Allowed Attempts 2 Instructions This quiz consists of multiple-choice and true/false questions. To be successful with the module quizzes, it's important to read the text and complete the practice exercises. Keep the following in mind: Multiple attempts: You will have two attempts at this quiz, with your highest score being recorded in the grade book. Timing: You will need to complete each of your attempts in one sitting, and you are allotted 30 minutes to complete each attempit. Answers: You may review your answer choices and compare them to the correct answers the day after the quiz due date. To start, click the Begin button. When finished, click the Submit button. Take the Quiz Again Attempt History Attempt Time Score LATEST Attempt 1 less than 1 minute 100 out of 100 (@ Answers will be shown after your last attempt Score for this attempt: 100 out of 100 Submitted Oct 18 at 4:07pm This attempt took less than 1 minute. Question 1 10 /10 pts https://sit.instructure.com/courses/68393/quizzes/98646 1/5

10/18/23, 4:07 PM M6.C1A: Quiz 6: 2023F BIA 674-WS The goal of aggregate planning is to satisfy demand in a way that minimizes profit True False Question 2 10/ 10 pts An aggregate plan can be used to determine whether a company needs to hire or lay off workers. True False Question 3 10/ 10 pts As capacity utilization increases, it becomes less important to perform aggregate planning. True False Question 4 10/ 10 pts An aggregate planning horizon is usually between three and five years. https://sit.instructure.com/courses/68393/quizzes/98646 2/5

10/18/23, 4:07 PM M6.C1A: Quiz 6: 2023F BIA 674-WS True False Question 5 10 /10 pts A linear programming formulation of an aggregate plan would typically use a constraint to limit the number of units produced using overtime or subcontracting labor. True False Question 6 10/ 10 pts Breaking an aggregate plan into separate plans for each product creates a master production schedule. True False Question 7 10 / 10 pts To improve the quality of aggregate plans, forecast errors must be taken into account when formulating aggregate plans. True https://sit.instructure.com/courses/68393/quizzes/98646 3/5

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10/18/23, 4:07 PM M6.C1A: Quiz 6: 2023F BIA 674-WS False Question 8 10 / 10 pts Forecasting errors are dealt with in aggregate plans using either safety backlog or safety capacity. True False Question 9 10/ 10 pts Safety inventory is defined as inventory held to satisfy demand that is higher than forecasted. True False Question 10 10 / 10 pts Given that forecasts are always wrong to some degree, the aggregate plan needs to have some flexibility built into it if it is to be useful. True False https://sit.instructure.com/courses/68393/quizzes/98646 4/5

10/18/23, 4:07 PM M6.C1A: Quiz 6: 2023F BIA 674-WS Quiz Score: 100 out of 100 https://sit.instructure.com/courses/68393/quizzes/98646 5/5

Quiz 6

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