1. Identify which one of the following is not  a type of capacity measurement:  a)  Design b)  Actual c)  Input d)  Output e)  Efficient 2. Which of the following is not a quality ‘guru’? a)  Deming b) Juran c) Crosby d) Gilbreth e)  Ishikawa 3. Items in transit are referred to as: a)  Buffer stock b)  Anticipation inventory c) Safety stock d) Pipeline inventory e) Seasonal inventory

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
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1. Identify which one of the following is not  a type of capacity measurement: 

a)  Design

b)  Actual

c)  Input

d)  Output

e)  Efficient

2. Which of the following is not a quality ‘guru’?

a)  Deming

b) Juran

c) Crosby

d) Gilbreth

e)  Ishikawa

3. Items in transit are referred to as:

a)  Buffer stock

b)  Anticipation inventory

c) Safety stock

d) Pipeline inventory

e) Seasonal inventory

4. Which of the following is not one of the most common types of inventory?

a) Finished goods inventory

b) JIT inventory

c) WIP inventory

d) Maintenance, repair and operating inventory

e) Raw materials inventory

5. Inventory costs include all but one of the following:

a) Holding cost

b) Ordering cost

c) Stock cost

d) Shortage Cost

e) All of the above

6. Which of the following is not an MRP system file?

a) Item master file

b) Transaction file

c)  Location file

d)  Audit file

e)  All of the above are correct

7. Lot sizing is selecting the _______ size of a batch of products to be manufactured to meet the ________ of the process.

a)  Smallest/demand

b)  Largest/supply

c)  Required/requirements

d)  Optimal/requirements

e)  None of the above

9. Identify the incorrect statement:

a)   Capacity is a critical resource

b)   Capacity is an infinite resource

c)   Capacity is never constant

d)  Capacity can be defined as a dimension of time

e)   None of the above are incorrect

10. The break-even point is where:

a)   Total income = Fixed cost + (variable costs x quantity produced).

b)   Total costs = Fixed costs.

c)   Variable costs x quantity produced = price per unit x quantity produced 

d)  None of the above

10. Aggregate planning decisions are __________ decisions defining the parameters within which an organisation will operate.

a)   Strategic

b)   Tactical

c)   Top management

d)   Stakeholder

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