OPS 301 Exam 2: Assignment, Scheduling, Project Management

B. vendor-managed inventory.

A lawnmower assembly plant uses a variety of​ nuts, bolts,​ screws, and other fasteners in its operation. Its supplier delivers these items directly to the point of use on the assembly line and ensures that there are always sufficient quantities of fasteners to maintain the production schedule. This is an example of A. e-procurement. B. vendor-managed inventory. C. single stage control of replenishment. D. postponement.

D. capacity, speed, and flexibility.

A response strategy requires suppliers be selected based primarily on A. being willing to share information. B. cost. C. product development skills. D. capacity, speed, and flexibility.

B. a satisfied customer.

A supply chain ends with A. suppliers. B. a satisfied customer. C. distributors. D. manufacturers.

C. ​long-range plans

Capacity decisions are most critical to which of the​ following? A. short-range plans B. sales and operations planning C. ​long-range plans D. intermediate plans

A. planning charts used to schedule resources and allocate time.

Gantt charts are A. planning charts used to schedule resources and allocate time. B. not easy to understand. C. not widely used. D. widely used network techniques

B. form a​ long-term relationship.

The advantage of having few suppliers is to A. pursue low cost. B. form a​ long-term relationship. C. take advantage of diseconomies of scale. D. look for​ short-term attributes.

B. offer lower prices in the short term.

The advantage of having many potential suppliers is their willingness to A. participate in JIT. B. offer lower prices in the short term. C. provide technical expertise. D. provide innovations.

A. cost of goods sold.

The cost to produce the goods or services sold for a given period is referred to as A. cost of goods sold. B. weeks of supply. C. inventory investment. D. inventory turnover.

D. longest time path through the network.

The critical path of a network is the A. path with the fewest activities. B. path with the most activities. C. shortest time path through the network. D. longest time path through the network.

C. meet forecast demand while minimizing cost over the planning period.

The objective of aggregate planning is usually to A. to determine which plans are feasible in the coming months and which are not. B. specify what is to be made and when. C. meet forecast demand while minimizing cost over the planning period. D. provide input to material requirements planning systems.

D. planning, scheduling, and controlling.

The three phases involved in the management of large projects are A. scheduling, designing, and operating. B. planning, scheduling, and evaluating. C. scheduling, operating, and evaluating. D. planning, scheduling, and controlling.

A. vertical integration

What is developing the ability to produce goods or services previously purchased or actually buying a supplier or a​ distributor? A. vertical integration B. horizontal integration C. virtual companies D. outsourcing

B. outsourcing

What is transferring a​ firm's activities that have traditionally been internal to external​ suppliers? A. keiretsu network B. outsourcing C. vertical integration D. make-or-buy

A. Make sure all necessary activities are finished in proper sequence and on time.

Which of the following activities are NOT part of project​ scheduling? A. Make sure all necessary activities are finished in proper sequence and on time. B. Chart separate schedules for personnel needs by type of skill and materials needs. C. Compute resources needed at each stage of production. D. Decide how long each activity will take.

B. define the project

Which of the following activities does NOT belong to the controlling phase of project​ management? A. revise plans B. define the project C. monitor​ resources, costs,​ quality, and budgets D. shift resources

A. back ordering during​ high-demand periods

Which of the following is NOT a capacity option of aggregate​ planning? A. back ordering during​ high-demand periods B. varying production rates through overtime or idle time C. subcontracting D. changing inventory levels

A. using​ part-time workers

Which of the following is NOT a demand option of aggregate​ planning? A. using​ part-time workers B. counterseasonal product and service mixing C. back ordering during​ high-demand periods D. influencing demand

B. Gantt charts adequately illustrate the interrelationships between the activities and the resources.

Which of the following is NOT true about Gantt​ charts? A. Gantt charts are​ low-cost means of helping managers make sure that activities are planned. B. Gantt charts adequately illustrate the interrelationships between the activities and the resources. C. Gantt charts are planning charts used to schedule resources and allocate time. D. Gantt charts also can be used for scheduling repetitive operations.

C. making sure that the people assigned to the project receive the​ motivation, direction, and information needed to do their jobs

Which of the following is a direct responsibility of the project​ manager? A. performing all of the activities in the project B. calculating completion probabilities for all tasks in the project C. making sure that the people assigned to the project receive the​ motivation, direction, and information needed to do their jobs D. drawing the network diagram

C. Straightforward concept and not mathematically complex.

Which of the following is an advantage of PERT and​ CPM? A. Useful in monitoring only schedules. B. Project activities have to be clearly​ defined, independent, and stable in their relationships. C. Straightforward concept and not mathematically complex. D. Precedence relationships must be specified and networked together

C. aggregate planning

Which of the following occurs first within a production planning​ system? A. priority scheduling for products B. master production schedule C. aggregate planning D. detailed work schedules for people

C. intermediate plans

Which of the following plans are the job of the operations​ manager, working with other functional areas of the​ firm? A. short-range plans B. ​long-range plans C. intermediate plans D. All​ three: short-range,​ intermediate, and​ long-range plans.

A. Use buffer stocks to ensure speedy supply.

Which of the following statements is NOT one of the differentiation strategy​ decisions? A. Use buffer stocks to ensure speedy supply. B. Gather and communicate market research data. C. Minimize inventory to avoid product obsolescence. D. Modular design to aid product differentiation.

D. S&OP is also called an aggregate plan.

Which of the following statements is NOT true about​ S&OP? A. When the resources appear to be substantially at odds with market​ expectations, S&OP provides advanced warning to top management. B. S&OP is typically done by​ cross-functional teams that align competing constraints. C. S&OP is used to determine which plans are feasible in the coming months and which are not. D. S&OP is also called an aggregate plan.

D. Aggregate plans use information regarding individual products rather than product lines.

Which of the following statements is NOT true regarding aggregate​ plans? A. For service​ organizations, an aggregate schedule ties strategic goals to workforce schedules. B. An aggregate plan often examines a​ 3- to​ 18-month time horizon. C. An aggregate plan is the output of​ S&OP. D. Aggregate plans use information regarding individual products rather than product lines.

D. chase strategy

Which of the following would likely result in the LEAST amount of​ inventory? A. mixed strategy B. level strategy C. Inventory levels are unaffected by the aggregate plan. D. chase strategy

B. Project scheduling helps make better use of resources by identifying the​ non-critical paths through the network.

Which of these statements is NOT true about project​ scheduling? A. Project scheduling identifies the precedence relationships among activities. B. Project scheduling helps make better use of resources by identifying the​ non-critical paths through the network. C. Project scheduling shows the relationship of each activity to others. D. Project scheduling encourages the setting of realistic time and cost estimates for each activity.

C. Mixed plans seek a minimum cost via a combination of eight planning options.

Which statement is characteristic of a mixed strategy for aggregate​ planning? A. Mixed plans typically yield a worse strategy than a pure plan. B. Mixed plans are less complex to develop than a chase plan. C. Mixed plans seek a minimum cost via a combination of eight planning options. D. Mixed plans are less complex to develop than a level plan.

B. is the amount of time a task may be delayed without changing the overall project completion time.

With respect to PERT and​ CPM, slack A. is the latest time an activity can be started without delaying the entire project. B. is the amount of time a task may be delayed without changing the overall project completion time. C. marks the start or completion of a task. D. is a task or subproject that must be completed.