Bsop 334 Week 8 Final Exam

BSOP 334 Week 8 Final Exam

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1. (TCO 1) Which of the following functions involves budgeting, analysis of investment proposals, and provision of funds? (Points : 5)Operation

Marketing

Purchasing

Finance

Internal auditQuestion 2. 2. (TCO 1) Transformation includes all of the following, except (Points : 5)assembling.

teaching.

staffing.

farming.

consulting.Question 3. 3. (TCO 1) Which of the following is providing new opportunities for productivity improvements? (Points : 5)Pollution control

Total quality management

Supply chain management

Competition from foreign manufacturers

Technological changeQuestion 4. 4. (TCOs 3 & 6) In an effort to reduce inventory, which of the following interactions with vendors would potentially be helpful? (Points : 5)Reducing lead times

Increasing safety stock

Less frequent purchases

Larger batch quantities

Longer order intervalsQuestion 5. 5. (TCOs 3 & 6) Which of the following costs related to order size is nonlinear? (Points : 5)Interest

Insurance

Taxes

Receiving

SpaceQuestion 6. 6. (TCO 2) Which of the following is a computer-based information system designed to handle ordering and scheduling of dependent-demand inventories? (Points : 5)Question 7. 7. (TCO 2) Net material requirements can be described as (Points : 5)Question 8. 8. (TCO 2) When an MRP system is periodically updated to account for all changes that have occurred within a given time interval, the process is called (Points : 5)Question 9. 9. (TCOs 4, 5, & 6) How does a net-change system work? (Points : 5)Question 10. 10. (TCOs 4, 5, & 6) The MRP approach that is used for components or subassemblies to compensate for variations in lead times is called (Points : 5)Question 11. 11. (TCOs 4, 5, & 6) A lead time service level of 90 percent implies which of the following? (Points : 5)Question 12. 12. (TCOs 5, 7, & 9) The dynamic store of information on the status of each item...