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Question
Which of the following is a similarity between goods and services?
a. Both can be standardized for the mass market or customized to individual needs.
b. Both use physical inventory as a buffer for fluctuations in demand.
c. Both require customers to participate extensively in the creation and delivery processes.
d. Both can be protected by patents owing to their tangible nature.
Answer
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Related questions
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_____ inventory is an additional amount of inventory that is kept over and above the average amount required to meet demand.
a. Seasonal
b. Work-in-process
c. Finished-goods
d. Safety stock
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Which of the following statements is true of backorders?
a. They occur as a result of excessive stock.
b. They occur when a customer is unwilling to wait for an ordered item.
c. They result in additional costs.
d. They force a customer to purchase elsewhere.
Q:
In the context of ABC inventory analysis, which of the following statements is true of class A items?
a. They require close control by operations managers.
b. They comprise less than 30 percent of the total dollar usage.
c. They can be managed using automated computer systems.
d. They account for more than 50 percent of inventory items.
Q:
In the context of fixed-quantity systems, _____ is defined as the on-hand quantity (OH) plus any orders placed but which have not arrived minus any backorders (BO).
a. inventory position
b. the reorder point
c. a stock-keeping unit
d. work-in-process inventory
Q:
In the context of project management, _____ a project involves releasing and reassigning people.
a. closing
b. organizing
c. defining
d. planning
Q:
For manufactured goods, design blueprints specify a nominal dimension which is the:
a. dimension with the least manufacturing cost.
b. dimension with the greatest variation from the target dimension.
c. range of permissible variation in the target dimension of the goods.
d. specified target dimension of the goods.
Q:
_____ technology refers to the application of the Internet, computer programs, and information systems to provide data, information, and analysis to facilitate the creation and delivery of goods and services.
a. Hard
b. Soft
c. Assistive
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Q:
_____ refers to equipment and devices that perform a variety of tasks in the creation and delivery of goods and services.
a. Hard technology
b. Soft technology
c. A database system
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Q:
Scalability is a key issue in e-commerce.
a. True
b. False
Q:
_____ often drive simultaneous improvements in quality, cost, and productivity.
a. Credence attributes
b. Time reductions
c. Corporate strategies
d. Mass standardization
Q:
Identify a true statement about corporate strategy of large organizations.
a. It defines the focus for strategic business units of an organization.
b. It provides the means by which business strategies are accomplished.
c. It is necessary to define the businesses in which an organization will participate.
d. It defines how an organization's processes are designed and organized.
Q:
Indicate whether the statement is true or false.Different industries use different software packages for scheduling because every industry has different problem structures.a. Trueb. False
Q:
Capacity requirements are computed by multiplying the number of units scheduled for production at a work center by the:
a. the unit resource requirements and then adding in the setup time.
b. the setup time and then subtracting the unit resource requirements.
c. the setup time and then adding in the unit resource requirements.
d. the unit resource requirements and then subtracting the setup time.
Q:
Which of the following lot sizing rules is best applied when setup or order costs are high?
a. The fixed-order quantity rule
b. The lot-for-lot rule
c. The periodic-order quantity rule
d. The gross requirements rule
Q:
_____ are the quantity of a component needed to support production at the next-higher level of assembly.
a. Planned order receipts
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Q:
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a. It minimizes the costs associated with production setups.
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Q:
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a. 100
b. 150
c. 200
d. 250
Q:
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a. Aggregate planning
b. Disaggregation
c. Capacity planning
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Q:
For goods-producing firms, at which of the following levels of resource planning does scheduling for individual subassemblies and resources by week and day take place?
a. Aggregate planning
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Q:
In industries where jobs have low skill requirements, changing workforce levels can be cost effective.
a. True
b. False
Q:
The _____ function of a supply chain is responsible for selecting transportation carriers and managing company-owned fleets of vehicles.
a. integration
b. procurement
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Q:
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a. plan
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c. make
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Q:
_____ is the discipline of managing the flow of materials and transportation activities to ensure adequate customer service at reasonable cost.
a. Logistics
b. Scheduling
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Q:
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a. Certified suppliers
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Q:
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a. manufacturer
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c. intermediary
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Q:
Which of the following is true of order amplification?
a. Order amplification in the supply chain leads to the bullwhip effect.
b. Large order sizes can help manage order amplification.
c. Order amplification decreases as one moves back up the supply chain away from the retail customer.
d. Increasing price fluctuations can help manage order amplification.
Q:
Air shipments have the lowest transportation cost and can carry unlimited weight.a. Trueb. False
Q:
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a. True
b. False
Q:
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a. True
b. False
Q:
The single-period inventory model applies to inventory situations where demand is uncertain.
a. True
b. False