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MGT613 Online Quiz No 04 Spring 2013

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Please all students related this subject Share your online Quizzes here to help each other.thanks

 

Please share the question and their answers of this quiz if anyone has done.
Thanks. 

 

 

 

MGT 613

QUIZ #4

BY shamsa komal

 

 

 

 

 

  1. What would be the required cycle time for a process that operates 9 hours daily with a desired output of 300 units per day?

a) 0.03 minutes
b) 1.8 minutes
c) 2700 minutes
d) 33.33 minutes

 

  1. The key benefit of just in time inventory system lies in the

 

 

  1. Under which of the following, the lot size order covers the gross requirements of a single week?

 

  1. “What business are we in?” This statement will come under:

Mission statement correct

 

  1. In forecasting, planning the use of system relates to the ______ plans.

 

short range correct

 

  1. Which of the following is determined by the Lot Tolerance Percent Defective?

 

 

  1. Which of the following is an advantage of perpetual inventory system?

 

 

  1. Which of the following is not among a JIT inventory tactic?

 

  reduce setup time

   consistently receive and store deliveries at the same point in the warehouse correct

   reduce lot size

   reduce variability

  1. The cost of a particular plan for a given period can be computed by using which one of the following expressions?

 

Output Cost ( Regular +OT+ Subcontract) + Hire/Layoff Cost+

Inventory Cost + Backorder Cost    correct

  1. The pioneers of transforming management to scientific domain are:
  • Frederick Taylor
  • Gilbreths (Lillian and Frank Gilbreth)
  • Both A & B correct
  1. Which one of the following is concerned in short term capacity needs?
  • Cycle
  • Trends
  • Seasonality
  • Average 

 

  1. 12.                        Lot Tolerance Percent Defective (LTPD)

Upper limit on the percentage of defects a customer is willing to accept ( a property of the consumer)

Correct

 

 

 

 

13    . Which one of the following forecasting techniques is used to identify a trend when data is neither growing nor declining rapidly and has no seasonal characteristics. 

Simple moving average
Delphi method
Trend adjusted forecast
Naïve forecast

14    Which one of the following is correct about the range of availability on a measuring index?

 

0.1 to 1.0

0 to 1.0

0.5 to 1.0

0.01 to 1.0

 

15    Which of the following forecasting techniques induce personal bias in a forecast?

  • Qualitative
  • Quantitative
  • Associative
  • Trend forecast 

 

16    Which of the following is TRUE about a periodic review?

17    Which stage comes after the “compare” stage of control process?

  • 1. Define
  • 2. Measure
  • 3. Compare
  • 4. Evaluate
  • 5. Correct

 

18    Which probability distribution is used most extensively in dealing with forecasting errors?

.

Poisson

19 

B.

Exponential

20 

C.

Beta

21 

D.

Pareto

19. Which of the following are the costs of carrying an item in inventory for a specific period of time?

Ordering cost

Holding cost

Sortage cost

Stock out cost

20. Which one of the following is an implication of Laplace approach of decision making?

 

The best of the worst possible payoff

The best possible payoff

The best average payoff

The least of th e worst regrets

 

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