O&SM Week 9 15 Q's

A visually appealing illustration representing operational and supply chain management concepts, featuring elements like gears, flowcharts, and inventory stacks, in a professional and educational style.

O&SM Week 9 Quiz

Test your knowledge with our O&SM Week 9 quiz, designed to challenge your understanding of operational and supply chain management concepts. This quiz covers various topics, including product development, material requirements planning, process layout, and forecasting techniques.

Key Features:

15 engaging multiple-choice questions
Instant feedback on your answers
Improve your understanding of crucial operations management principles

15 Questions4 MinutesCreated by LearningExpert732

Motivators for driving new product development include the following EXCEPT

Proximity to completion

Using excess capacity

Exploiting market opportunities

Additional sources of revenue and profit

Which of the following statements is true about the product layout (continuous process)?

Workstations are located accordingly to the type of machinery

Work flow is lumpy

A wide variety of different products can be produced

There is little build up of work in process inventory

In eight hours, a worker completed twenty-five units. The standard is 3.25 units per hour. What is the performance of this worker for this time period?

40.6%

104%

96.2%

76.9%

Which of the following statements about Pre-determined Time and Motion Study is TRUE?

It requires at least thirty observations

It is the best method for measuring work with long cycles

It is very useful for preparing quotations for new work

There is a large degree of judgement used

Why is it important to track the forecast?

To compare the actual sales with the forecast

To improve our forecasting methods

To utilize actual sales data

To satisfy marketings need to know

Which of the following is an objective of material requirements planning?

Keep the factory busy

Keep priorities current

Determine the forecast

Minimise inventory investment

Building inventory in slack seasons

Helps to level labour loads

Helps to maximise the utilisation of equipment

Helps reduce needs to change manufacturing output levels frequently

All of the above

Which of the following statements is true regarding the relationship with suppliers in a JIT environment?

All cost reductions will be awarded directly to the buyer

Short-term contracts for multiple small deliveries will be used.

Planning becomes more erratic and difficult

The supplier is viewed as an upstream work centre.

If the annual cost of goods sold is £20 million and the average inventory is £5 million, what is the turns ratio?

£15 million

Which of the following statements about the Entrepreneurial model of new product development is false?

The management style emphasises innovation

Consumer research is formal and takes place at an early stage

Success is attributed to possession of a unique product or service

Applicable to corporations or individuals

Which of the following statements is true regarding process layout (intermittent manufacturing)?

Capital costs are generally higher than the product layout.

Special purpose machinery is used

Each workstation is flexible

There is little build up of work in process inventory

Which forecasting approach is most appropriate when there is little or no historical data?

Time series analysis

Delphi technique

Exponential smoothing

Moving average

A work centre consists of two machines working eight hours a day and five days a week. Historically utilisation has been 80 per cent, and efficiency has been 90 per cent. To the nearest hour, what is the rated capacity?

80 hours

58 hours

40 hours

30 hours

If a product has fixed costs of £24,000 and variable costs of £6 per unit, a price of £8 per unit will result in a breakeven point of

4,000 units

12,000 units

24,000 units

1714 units

O&SM Week 9 15 Q's

O&SM Week 9 Quiz

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