BUSI 411 Week 7 Exam | Liberty University | Assignment Help
- Liberty University / BUSI 411
- 17 May 2021
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- Management Assignment Help / Business Management Assignment Help
BUSI 411 Week 7 Exam | Liberty University | Assignment Help
Exam 4
• Question 1
Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average total daily costs, including the cost of the pepperoni?
• Question 2
Average demand for a particular item is 1,200 units per year. It costs $100 to place an order for this item, and it costs $24 to hold one unit of this item in inventory for one year. If the fixed-order-interval model is chosen in this instance, how often (on average) will this item be ordered?
• Question 3
In the basic EOQ model, if annual demand is 50, carrying cost is $2, and ordering cost is $15, EOQ is approximately:
• Question 4
The need for safety stocks can be reduced by an operations strategy which:
• Question 5
In a supermarket, a vendor's restocking the shelves every Monday morning is an example of:
• Question 6
In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is referred to as __________.
• Question 7
The Five S's do not include:
• Question 8
The kaizen philosophy applies to:
• Question 9
When lean is used in the context of services, which of the following is most often the focus?
• Question 10
Previously, management calculated the number of kanban cards allowed by using a value of 1.3 for X. Assuming nothing else (e.g., usage rates, container capacities, etc.), which of the following values for X would indicate management's belief that the system has become more efficient?
• Question 11
Our organization can obtain visibility to potential trading partners on the Internet by using:
• Question 12
Which of the following is not a benefit of centralized purchasing?
• Question 13
A given inventory item has a per-year holding cost of $500. One method of shipping this item is three days faster than the other, but it is $2.50 more per unit. Using the slower method would be __________ more expensive overall than using the faster method.
• Question 14
The website and order fulfillment are essential features of:
• Question 15
Which of the following is not a measure of the reliability of the supply chain?
• Question 16
There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time required for each resource to do each job is as follows:
Job (Hours)
Resource A B C D
1 5 8 7 7
2 4 9 5 9
3 6 9 8 7
4 7 6 6 9
________________________________________
After the row and column reductions, what is the minimum number of lines needed to cover all of the zeroes?
• Question 17
Job X, which has a duration of four days, is due by the close of business on Friday, December 23. Without looking at the work already at X's required resource, the scheduler schedules X to be begun immediately and assumes that X will be done four days from now. This is an example of:
• Question 18
The operations manager of a body and paint shop has five cars to schedule for repair. He would like to minimize the makespan to complete all work on these cars. Each car requires body work prior to painting. The estimates of the times required to do the body and paint work on each are as follows:
Car Body Work (hrs) Paint
(hrs)
A 10 2
B 5 4
C 7 5
D 3 6
E 1 7
________________________________________
What is the makespan for the optimal schedule?
• Question 19
The following table contains information about five jobs waiting to be processed at work center number three.
Job Processing Time (hrs) Hours Until Due
a 14 15
b 10 20
c 18 18
d 2 16
e 4 21
________________________________________
Using the EDD rule, the sequence of jobs would be:
• Question 20
Which of the following is not usually a characteristic of successful high-volume systems?
• Question 21
Variability in demand and/or lead time can be compensated for by safety stock.
• Question 22
The importance of purchasing relates only to the cost of parts and materials purchased, which is often 60 percent or more of the cost of finished goods.
• Question 23
Vendor analysis examines the function of purchased parts and materials with a view toward improvement or cost reduction.
• Question 24
Sequencing is concerned with the order in which jobs are done, while loading is concerned with assigning jobs to work centers or workstations.
• Question 25
The theory of constraints has a goal of maximizing flow through the entire system.
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