Walden BUSI2003 Week 6 final exam

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Walden BUSI2003 Week 6 final exam

Question
2 Assume a business has $700,000 worth of inventory and averages $10,000 per
day in sales. Also assume it takes 30 days for the average customer to pay oQ
its accounts receivable to this company and it takes 120 days for the company
to pay for the materials supplied by the suppliers. What is the company’s average
cash-to-cash cycle time?

Question
3 The meaning of quality has evolved greatly over the past century. Which of
the following statements best exempli es the current meaning of quality?

Question
4 Which of the following is not a reason for quality improvement failure?

Question
5 Aggregate planning must be a coordinated, cross-disciplinary activity, as it
should consider the management of both supply (capacity) and demand. From a
demand perspective, important factors to consider when managing demand include
all of the following except:

Question
6 The forecasting techniques of exponential smoothing and moving average that
have rapid response rates to changes in the mean level of demand have:

Question
7Throughput time, process Kow rate, capacity, and average amount of inventory
in the system are some of the key metrics of a manufacturing process.

Question
8Performance Quality means producing a product or delivering a service that meets
the required speciFcations.

Question
9Transportation of materials into or out of a facility is the responsibility of
the logistics function.

Question
10Which of the following is NOT a type of facility choice?

Question
11 Assume you have been assigned the task of identifying a level strategy
aggregate production plan for the upcoming year. You have

been
informed that beginning inventory is 2,000 units, your plan should provide an
ending inventory for the year equal to 500 units,

and
you have been provided the following forecasts of aggregate demand. What should
be the planned rate of quarterly production?

Question
12Hiring and layoC of workers are more common in a chase strategy than in a
level strategy.

Question
13Using a three-period, weighted moving average forecast model with weights of
0.50, 0.40, and 0.10 (weights decline with the age of the demand observation),
what would the forecast of demand be for the upcoming week 6 given the
historical demands shown below?

Question
14 Even with perfect information available at all levels. The bullwhip eNect
can be observed in a supply chain because of short replenishment lead times.

Question
15Which of the following is not a step in the purchasing cycle?

Question
16The four diQerent dimensions of quality include all of the following except:

Question
17The process of constructing a owchart
for service operations is also referred to as service blueprinting.

Question
18 Assume you have been assigned
the task of identifying a chase strategy aggregate production plan for the
upcoming year. You have been informed that beginning inventory is 500 units,
your plan should provide an ending inventory for the year equal to 200 units,
and you have been provided the following forecasts of aggregate demand. Knowing
that the typical objective of chase plans is to avoid carrying inventory, what
should be the planned rate of production for the rst quarter?

Question
19 Which of the following statements
concerning ISO 9000 is false?

Question
20 The improvement goals of the
transformation process typically are to increase eVciency, reduce throughput
time, increase quality, or even improver worker morale.

Question
21According to Little’s Law, average throughput time equals average inventory *
average low rate.

Question
22In a process thinking philosophy, it is important to:

Question
23 A negative value of capacity cushion indicates that the average demand is less
than the capacity available.

Question
24There are four basic types of facility choices. Which of the following
statements concerning facility choices is not true?

Question
25 Which of the following is incorrect about the qualitative approach to
forecasting?

Question
1In small cushion strategy, the Prm is more conservative with respect to
capacity.

Question
2 Assume a business has $700,000 worth of inventory and averages $10,000 per
day in sales. Also assume it takes 30 days for the average customer to pay oQ
its accounts receivable to this company and it takes 120 days for the company
to pay for the materials supplied by the suppliers. What is the company’s average
cash-to-cash cycle time?

Question
3 The meaning of quality has evolved greatly over the past century. Which of
the following statements best exempli es the current meaning of quality?

Question
4 Which of the following is not a reason for quality improvement failure?

Question
5 Aggregate planning must be a coordinated, cross-disciplinary activity, as it
should consider the management of both supply (capacity) and demand. From a
demand perspective, important factors to consider when managing demand include
all of the following except:

Question
6 The forecasting techniques of exponential smoothing and moving average that
have rapid response rates to changes in the mean level of demand have:

Question
7Throughput time, process Kow rate, capacity, and average amount of inventory
in the system are some of the key metrics of a manufacturing process.

Question
8Performance Quality means producing a product or delivering a service that meets
the required speciFcations.

Question
9Transportation of materials into or out of a facility is the responsibility of
the logistics function.

Question
10Which of the following is NOT a type of facility choice?

Question
11 Assume you have been assigned the task of identifying a level strategy
aggregate production plan for the upcoming year. You have

been
informed that beginning inventory is 2,000 units, your plan should provide an
ending inventory for the year equal to 500 units,

and
you have been provided the following forecasts of aggregate demand. What should
be the planned rate of quarterly production?

Question
12Hiring and layoC of workers are more common in a chase strategy than in a
level strategy.

Question
13Using a three-period, weighted moving average forecast model with weights of
0.50, 0.40, and 0.10 (weights decline with the age of the demand observation),
what would the forecast of demand be for the upcoming week 6 given the
historical demands shown below?

Question
14 Even with perfect information available at all levels. The bullwhip eNect
can be observed in a supply chain because of short replenishment lead times.

Question
15Which of the following is not a step in the purchasing cycle?

Question
16The four diQerent dimensions of quality include all of the following except:

Question
17The process of constructing a owchart
for service operations is also referred to as service blueprinting.

Question
18 Assume you have been assigned
the task of identifying a chase strategy aggregate production plan for the
upcoming year. You have been informed that beginning inventory is 500 units,
your plan should provide an ending inventory for the year equal to 200 units,
and you have been provided the following forecasts of aggregate demand. Knowing
that the typical objective of chase plans is to avoid carrying inventory, what
should be the planned rate of production for the rst quarter?

Question
19 Which of the following statements
concerning ISO 9000 is false?

Question
20 The improvement goals of the
transformation process typically are to increase eVciency, reduce throughput
time, increase quality, or even improver worker morale.

Question
21According to Little’s Law, average throughput time equals average inventory *
average low rate.

Question
22In a process thinking philosophy, it is important to:

Question
23 A negative value of capacity cushion indicates that the average demand is less
than the capacity available.

Question
24There are four basic types of facility choices. Which of the following
statements concerning facility choices is not true?

Question
25 Which of the following is incorrect about the qualitative approach to
forecasting?

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