Exam (elaborations)
OMGT 3123 - Exam #2 - Chapter 10 Questions and Answers
- Course
- Institution
OMGT 3123 - Exam #2 - Chapter 10 Questions and Answers
[Show more]
Content preview
OMGT 3123 - Exam #2 - Chapter 10Questions and Answers
Detailed planning and control is riskier than strategic planning. - Answer-false
Sales and operations planning indicates how the organization will use its tactical
capacity resources to meet expected customer demand. - Answer-true
Detailed planning and control offers the greatest ability to adjust capacity. - Answer-
false
Bottom-up planning should be used when the product/service mix is unstable and
resource requirements vary greatly across the offerings. - Answer-true
The alternative production strategies of level, chase, or mixed that are available in top-
down planning cannot be used in bottom-up planning. - Answer-false
Last month a firm made 100 model A's using all of their available labor. If they have
already taken orders for 150 model A's for next month, then their planning value must
be 1.5. - Answer-false
Planning values are used in bottom-up planning, but cannot be used in top-down
planning. - Answer-false
When the products and services have very different resource requirements and the mix
is unstable from one period to the next, bottom-up planning works best. - Answer-true
At the beginning of the semester, you decide to devote 12 hours a week outside of class
time to your operations management studies, regardless of scheduled tests,
assignments, or project due dates. This is a level plan approach to your favorite course.
- Answer-true
Net cash flow is the difference between the value added and the cash on hand at the
end of the period. - Answer-false
Last month, the sales and operations plan showed projections from January through
April. This month, the sales and operations plan shows projections from February
through May. This is an example of a rolling planning horizon. - Answer-true
Sales and operations planning is a necessary task for all companies, but is never a
source of competitive advantage. - Answer-false
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller lectknancy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75323 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now