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OMGT 5003 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS
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OMGT 5003 FINAL EXAM QUESTIONS WITH CORRECT ANSWERS
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OMGT 5003 FINAL EXAM QUESTIONSWITH CORRECT ANSWERS
Most pit crew members have background experience in what area? - Answer-athletics
Which of the following statements describes job rotation? - Answer-The operator is
allowed to move, for example, from one type of CNC machine to another
Flow diagrams are used to analyze: - Answer-movement of people or material.
Which of the following is NOT one of the five parts of the Supply Chain Operations
Reference (SCOR) model? - Answer-sell
Which sourcing strategy is particularly common when the products being sourced are
commodities? - Answer-many suppliers
The bullwhip effect: - Answer-All of these are true.
E-procurement: - Answer-is purchasing facilitated through the Internet.
What three logistics-related costs are relevant when analyzing the choice of number of
facilities in a distribution network? - Answer-inventory costs, transportation costs, and
facility costs
Which of the following is NOT a remedy for the bullwhip effect? - Answer-order batching
Which of the following is NOT REQUIRED information to obtain to conduct the factor
weighting technique in supplier selection analysis? - Answer-a qualitative scale on
which to rate suppliers
Which of the following is not a limitation of job expansion? - Answer-All of these are
limitations of job expansion
Ethical work environment decisions by managers may be guided by which of the
following? - Answer-All of these
Among which of the following industries are purchasing costs the LOWEST percentage
of sales? - Answer-restaurants
Which of the following is NOT an opportunity for effective management in the supply
chain? - Answer-local optimization
, A furniture maker has delivered a dining set directly to the end consumer rather than to
the furniture store. The furniture maker is practicing which of the following? - Answer-
drop shipping
The Institute for Supply Management: - Answer-publishes the principles and standards
for ethical supply management conduct.
Suppose that in month 1, both the retailer and the wholesaler in a supply chain ordered
20,000 units. Then in month 2, the retailer decreases its order size by 1000 units. If the
wholesaler then decreases its order size in month 2 by 700 units, which of the following
is TRUE? - Answer-The wholesaler is providing a dampening (anti-bullwhip) effect.
Which of the following would NOT generally be a motive for a firm to hold inventories? -
Answer-to minimize holding costs
Which of the following is NOT one of the four main types of inventory? - Answer-safety
stock inventory
ABC analysis is based upon the principle that - Answer-there are usually a few critical
items, and many items that are less critical.
Cycle counting: - Answer-eliminates annual inventory adjustments.
Which category of inventory holding costs has a much higher percentage than average
for rapid-change industries such as PCs and cell phones? - Answer-pilferage, scrap,
and obsolescence
Most inventory models attempt to minimize: - Answer-total inventory-based costs.
Which of these statements about the production order quantity model is FALSE? -
Answer-all else equal, the smaller the ratio of demand rate to production rate, the larger
is the production order quantity
Which of the following statements about quantity discounts is FALSE? - Answer-The
larger the annual demand, the less attractive a discount schedule will be.
The main trait of a single-period model is that: - Answer-inventory has limited value after
a certain period of time.
An advantage of the fixed-period inventory system is that: - Answer-there is no physical
count of inventory items when an item is withdrawn.
Which of the following is a function of inventory? - Answer-All of these are functions of
inventory.
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