Week 3 - Quiz_ MGT302_ Foundations of Production and Operations Management (BAA2406A)

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University Of Arizona *

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302

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Management

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Feb 20, 2024

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Week 3 - Quiz Due Feb 25 at 11:59pm Points 20 Questions 20 Time Limit 60 Minutes Allowed Attempts 2 Instructions Attempt History Attempt Time Score LATEST Attempt 1 17 minutes 17 out of 20 Knowledge Check 3 [WLOs: 1, 3] [CLOs: 3, 4] Prior to taking this quiz, review Chapters 13, 15, 18, and 19 from your course text. The quiz contains 20 multiple-choice and true or false questions and is worth 5% of your course grade. You will have 60 minutes to complete the quiz, and it must be taken in one sitting. You will have two attempts to take this quiz. Take the Quiz Again

 Correct answers are hidden. Score for this attempt: 17 out of 20 Submitted Feb 17 at 4:58pm This attempt took 17 minutes.  Question 1 1 / 1 pts economic order quantity easily ordered quantity electronic ordering quantity everlasting online quantity  Question 2 1 / 1 pts dependent demand items independent demand items inelastic demand items inelastic supply items  Question 3 1 / 1 pts True With regard to inventory management, EOQ stands for ______. If the production schedule calls for assembly of 500 motorcycles, then the 1,000 wheels and 1,000 tires that are required to produce the 500 motorcycles are classified as ______. A performance evaluation criterion for priority rules is the average job setup time.

False  Question 4 1 / 1 pts True False  Question 5 1 / 1 pts have economic value are listed as current liabilities in a company’s balance sheet are subject to government inspection depend on the number of employees in the company  Question 6 1 / 1 pts True False  IncorrectQuestion 7 0 / 1 pts short term medium term Trend factors are a component of trend-adjusted forecast (TAF). Inventories ______. The EOQ model is based on the EPQ model. The forecast time horizon for tactical decision-making is ______.

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long term very long term  Question 8 1 / 1 pts Integer programming Assignment method Linear programming Workflow optimization  Question 9 1 / 1 pts the more time its inventory spends in storage the more efficient the firm’s use of the inventory is the more the inventory is in the warehouse the lower the demand for the firm’s products is  Question 10 1 / 1 pts time series analysis and causal methods simple linear regression and multiple linear regression analyses exponential smoothing and seasonality techniques ______ is a technique used to optimize an objective (such as maximizing profits or minimizing costs) under certain constraints, such as availability of resources. Generally, the higher a firm’s inventory turnover ratio is, ______. The two subcategories of quantitative methods are ______.

simple moving average and weighted moving average  Question 11 1 / 1 pts cluster scheduling flow-shop scheduling batch scheduling job-shop scheduling  Question 12 1 / 1 pts customer satisfaction corporate strategies compliance with government regulations adherence to ISO specifications  Question 13 1 / 1 pts True False  IncorrectQuestion 14 0 / 1 pts Scheduling for line processes is often referred to as ______. Inventory affects ______. If the order quantity in each order is large, then fewer orders will be placed, which will result in lower annual ordering costs. Mean absolute deviation (MAD) is used to evaluate the validity of the regression equation for forecasting.

True False  Question 15 1 / 1 pts decrease as the quantity produced per production run increases increase as the quantity produced per production run increases increase as the number of production runs decreases increase as the number of setups required decreases  Question 16 1 / 1 pts In the EOQ model, additional inventory is received all at once, but not in the EPQ model. In the EOQ model, there are quantity discounts available, but not in the EPQ model. In the EOQ model, lead time is known, but not in the EPQ model. In the EOQ model, shortages are allowed, but not in the EPQ model.  Question 17 1 / 1 pts operational tactical strategic functional On an annual basis, total setup costs ______. Which of the following is a difference between the EOQ and the EPQ models? Product scheduling and worker assignments are examples of forecasted activities in ______ decision-making.

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 IncorrectQuestion 18 0 / 1 pts water control input–output control process control capacity control  Question 19 1 / 1 pts last; manufacturing first; manufacturing last; service first; service  Question 20 1 / 1 pts True False Quiz Score: 17 out of 20 The use of dams in rivers to control water flow is a simple example of ______. Detailed production schedule is the ______ set of decisions in the hierarchy of operations decision for ______ organizations. There is a strong relationship between fill rates and the amount of inventory in stock.

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