P370 Final Review Qs & As Rated 100%
Correct!! GRADED A+
Converting quarterly and annual business plans into broad output and labor requirements for the
intermediate term is known as
Aggregate planning.
Which of the following is NOT a method used in aggregate planning to cope with fluctuations in
demand?
Construction of a new plant and/or finished goods warehouse
Which aggregate planning strategy typically results in greater inventory carrying costs?
Level strategy.
Suppose a company is using pure chase strategy for its aggregate production planning. Which of the
following policies would a manager use to deal with (or hedge against) the fluctuation in demand?
Hire additional workers when demand increases and outplace them when demand decreases
A pure level strategy for aggregate production planning:
Maintains a stable workforce working at a constant output rate.
Which of the following circumstances would provide an incentive for employing a level (vs. chase)
plan?
The production process requires highly trained labor.
Which of the following costs are NOT considered in developing an aggregate production plan?
Depreciation costs.
Which of the following is not a type of inventory?
reorder point stock
In a saw tooth diagram, the peak of each inventory cycle represents?
Correct! Q
Q
Which of the following is not a cost associated with cost of quality?
- Scrap cost
- Test equipment cost
- Inspection cost
- Warranty cost
None of the above, all are a cost of quality.
What is one of the fundamental differences between the Malcom Baldridge Award and ISO9000
certification?
One applies to U.S. firms, while the other applies to companies anywhere in the world.
Correct!! GRADED A+
Converting quarterly and annual business plans into broad output and labor requirements for the
intermediate term is known as
Aggregate planning.
Which of the following is NOT a method used in aggregate planning to cope with fluctuations in
demand?
Construction of a new plant and/or finished goods warehouse
Which aggregate planning strategy typically results in greater inventory carrying costs?
Level strategy.
Suppose a company is using pure chase strategy for its aggregate production planning. Which of the
following policies would a manager use to deal with (or hedge against) the fluctuation in demand?
Hire additional workers when demand increases and outplace them when demand decreases
A pure level strategy for aggregate production planning:
Maintains a stable workforce working at a constant output rate.
Which of the following circumstances would provide an incentive for employing a level (vs. chase)
plan?
The production process requires highly trained labor.
Which of the following costs are NOT considered in developing an aggregate production plan?
Depreciation costs.
Which of the following is not a type of inventory?
reorder point stock
In a saw tooth diagram, the peak of each inventory cycle represents?
Correct! Q
Q
Which of the following is not a cost associated with cost of quality?
- Scrap cost
- Test equipment cost
- Inspection cost
- Warranty cost
None of the above, all are a cost of quality.
What is one of the fundamental differences between the Malcom Baldridge Award and ISO9000
certification?
One applies to U.S. firms, while the other applies to companies anywhere in the world.
