SCM 186

Competition in the 21st century is no longer between​ companies; it is between A. supply chains. B. countries. C. individuals. D. technologies.

A

PERT analysis computes the variance of the total project completion time as A.-the sum of the variances of all activities on the critical path. .B.-the variance of the final activity of the project. C.-the sum of the variances of all activities in the project. D.-the sum of the variances of all activities not on the critical path.

A

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

A

What is a​ long-term purchase commitment to a supplier for items that are to be delivered against​ short-term releases to​ ship? A.-blanket order B.-drop shipping C.-postponement D.-advanced shipping notice

A

Which forecasting model is based upon​ salespersons' estimates of expected​ sales? A. sales force composite B. jury of executive opinion C. market survey D. Delphi method

A

Which of the following is NOT an element used to compute crash cost per​ period? A.-optimistic time B.-standard time C.-crash cost D.-crash time

A

Which of the following mitigation tactics could reduce economic​ risk? A.-purchasing contracts that address price fluctuations B.-subcontractors on retainer C.-franchising and licensing D.-multiple transportation modes and warehouses

A

Which of the following statements is NOT one of the response strategy​ decisions? A.-gather and communicate market research data B.-low setup time C.-fast transportation D.-use buffer stocks to ensure speedy supply

A

Which of the following statements is NOT​ true? A.-An increased sales effort may help a firm reach its profit goals more easily than would effective cost cutting. .B.-Supply chain management describes the coordination of all supply chain​ activities, starting with raw​ materials, and ending with a satisfied customer. C.-A supply chain includes​ suppliers; manufacturers​ and/or service​ providers; and​ distributors, wholesalers,​ and/or retailers who deliver the product​ and/or service to the final customer. D.-The objective of supply chain management is to coordinate activities within the supply chain to maximize the supply​ chain's competitive advantage and benefits to the ultimate consumer.

A

Which of these is NOT one of the 10 strategic OM​ decisions? A.-marketing B.-managing quality C.-scheduling D.-layout strategies

A

Which of these statements accurately captures a current trend in​ operations? A.-Rapid product development. B.-Jobs are increasingly specialized as workers focus on basic assembly tasks. C.-Mass production at the expense of product variety. D.-There is increased focus on local market and local competition.

A

Each Hard Rock​ Café goes through a complete change of ​ ________ every​ 5-7 years. A.-merchandise B.-memorabilia C.-team leaders D.-menu items

B

The dependent variable in the​ Magic's dynamic pricing model is A. TicketMaster price. B. revenue. C. StubHub price. D. opponent rating. E. None of the above.

B

The latest finish of an activity is A.-LFminusActivity time. B.-Min{LS of all immediate following​ activities}. C.-Max{EF of all immediate​ predecessors}. D.-ES​ + Activity time.

B

Trucking A.-does not play a role in multimodal shipping. B.-is increasingly using computers to manage its operations. C.-is one of the least flexible transportation modes. D.-is the least used transportation mode for manufacturing goods.

B

What is a data pattern that repeats itself after a period of​ days, weeks,​ months, or​ quarters? A. random variation B. seasonality C. trend .D. cycle

B

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

B

What mathematical technique is used when planning menu​ changes? A. standard error of the estimate B. ​multiple-regression analysis C. correlation analysis Your answer is not correct.D. exponential smoothing

B

When determining the optimal number of​ facilities, logistics-related costs do NOT usually include which of the following​ costs? A.-transportation B.-purchasing C.-inventory D.-facility

B

Which negotiation strategy bases price on a​ published, auction, or index​ price? A.-cost-based price model B.-market-based price model C.-supply-based price model D.-competitive bidding

B

Which of the following is NOT a characteristic of​ services? A.-intangible B.-standardized product C.-unique D.-produced and consumed simultaneously

B

Which of the following is a limitation of PERT and​ CPM? A.-They are applicable to only a narrow variety of projects and industries. B.-There is the inherent danger of placing too much emphasis on the critical path. C.-The graphical nature of a network delays comprehension of the activity​ list's interrelationships. D.-They can be used only to monitor schedules.

B

With regard to the​ cost-based price model negotiation​ strategy, which of the following is​ true? A.-Potential suppliers each submit quotations as to​ price, delivery, and so on. B.-Prices are based upon supplier costs. C.-Prices float based on what the customer is willing to pay. D.-Prices are based in some way upon market standards agreed to by both supplier and purchaser.

B

A forecasting technique consistently produces a negative tracking signal. This means that A. the MAPE will also consistently be negative. B. the forecasting technique consistently​ under-predicts. C. the forecasting technique consistently​ over-predicts. D. the MSE will also consistently be negative.

C

The goal of CPFR is to A. create good relations with suppliers. B. determine which model needs to be used to predict future events. C. create significantly more accurate information that can power the supply chain. D. ensure product innovation.

C

The project organization may be LESS helpful when A.-work tasks can be defined with a specific goal and deadline. B.-the work contains complex interrelated tasks requiring specialized skills. C.-the job is familiar to the existing organization. D.-the project cuts across organizational lines.

C

What is a data pattern that repeats itself after a period of​ days, weeks,​ months, or​ quarters? A. trend B. cycle C. seasonality D. random variation

C

What percentage of Hard​ Rock's profit is derived from retail shop​ sales? A.-75% B.-25% C.-​50% .D.-​10%

C

Which of the following is NOT one of the four reasons that we study​ OM? A.-We want to know how goods and services are produced. B.-It is such a costly part of an organization. C.-We want to understand what marketing managers do. D.-it is one of the three major functions of any organization.

C

Which of the following is a reality each company faces regarding its forecasting​ system? A. After automating their predictions using computerized forecasting​ software, firms closely monitor only the product items whose demand is stable. B. Product family forecast are less accurate than individual product forecasts. C. Outside factors that we cannot predict or control often impact the forecast. D. Most forecasting techniques assume there is no underlying stability in the system.

C

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

C

A forecast that projects a​ company's sales is A. an economic forecast. B. an environmental forecast. C. a technological forecast. D. a demand forecast.

D

Dummy activities A.-cannot be on the critical path. B.-are found in both AOA and AON networks. C.-have a duration equal to the shortest​ non-dummy activity in the network. D.-are used when two activities have identical starting and ending events.

D

Linear regression is most similar to which of the​ following? A. the simple moving average method of forecasting B. the weighted moving average method of forecasting C. the naive method of forecasting D. the trend projection method of forecasting

D

The father of scientific management is A.-Henry Ford. B.-Henry L. Gantt. C.-Eli Whitney. D.-Frederick W. Taylor.

D

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

D

Which appears to provide the best opportunity for increases in​ productivity? A. capital B. labor C. raw materials D. management

D

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

D

Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. marketing B. ​finance/accounting C. ​production/operations D. research and development

D

Which of these time estimates is NOT used in​ PERT? A.-pessimistic time B.-most likely time C.-optimistic time D.-standard time

D