WGU C236 Objective Assessment Exam Latest Exam Update 2024 (100% Complete Solutions) Rated A+

Under what two conditions should a periodic review system be adopted? Choose 2 answers When a company must manually track inventory levels When a supplier will only deliver at a specific interval When a supplier will not be able to monitor the inventory When the demand for a product is constant, but at a low level ANSWER When a company must manually track inventory levels When a supplier will only deliver at a specific interval What characteristics are mostly associated with a perpetual inventory system? Choose 2 answers When a company must manually track inventory levels When a company needs to know exact inventory balances at all times When a company has to order inventory daily When a company wants accurate financial statements ANSWER When a company needs to know exact inventory balances at all times When a company wants accurate financial statements Which method can a company use to relate customer needs and expectations to specific design characteristics? Quality function deployment Continuous improvement Employee empowerment Team approach ANSWER Quality function deployment A company has developed a new product that links a smartphone app to a doorbell and home security monitoring system. There is nothing else like it on the market and no prior sales history from which to develop a forecast. A sales manager is trying to determine the best price point for introduction, while also trying to estimate what first-year sales volumes might be. What are two possible means for determining the price point and first-year sales forecast? Choose 2 answers Exponential smoothing Panel of experts Test market Buildup method ANSWER Panel of experts Test market Company Z is trying to decide which supplier to choose. Supplier A will only accept orders during their open window, the first seven days of the month. Supplier B accepts orders during anytime of the month through their electronic portal. Company Z is a small business and doesn't need to know inventory levels at all times. Which supplier should Company Z choose? Supplier A because this supplier uses a periodic inventory system Supplier B because Company Z should use a Perpetual inventory System Supplier B because this supplier uses a Perpetual inventory system Supplier A because Company Z should use a Periodic inventory System ANSWER Supplier A because Company Z should use a Periodic inventory System When customers place product orders at BlueS, the retailer's computer system requires customers to enter their e-mail addresses twice. If the two addresses match, then a customer is allowed to proceed to the next screen for checkout. What cost of quality does this example illustrate? Prevention cost External failure cost Appraisal cost Internal failure cost ANSWER Prevention cost A company is trying to determine what are the value added activities and non-value added activities in their JIT process. What technique should the company use to improve production efficiency? Single Card Kanban Dual Card Kanban Value Stream Mapping Group Technology Production System ANSWER Value Stream Mapping