GSCM 330 Week 3 Quiz

 GSCM 330 Week 3 Quiz | Devry University

Week 3: Quiz

Question 1

Which of the following is not one of the four things needed for aggregate planning?  

·         A logical overall unit for measuring sales and output  

·         A method for determining costs, such as hiring, firing, and inventory costs, associated with production schedules  

·         An aggregate demand forecast for an intermediate planning period    

·         A forecast of demand for a reasonable intermediate planning period in these aggregate terms

Question 2

Aggregate planning is a term that can be defined as  

·         plans that may extend up to a year but are usually less than 3 months.  

·         planning of policy-related issues, such as research funding and investment.  

·         medium-range capacity planning with a time horizon of 3 to 18 months.  

·         planning that may extend up to a year but is usually less than 3 months.  

·         None of the above

Question 3

Which of the following is a disadvantage of the aggregate planning option of changing inventory levels?  

·         Inventory holding costs may increase.    

·         Hiring, layoff, and training costs may be significant.  

·         There will be high turnover and training costs. 

·         Customer goodwill is lost.  

·         None of the above

Question 4

Which of these is among the demand options of aggregate planning?  

·         Counterseasonal product and service mixing 

·         Subcontracting 

·         Changing inventory levels 

·         Varying workforce size 

·         All of the above

Question 5

Which of the following is not a method of developing aggregate plans?  

·         Graphical  

·         Transportation method of linear programming  

·         Linear decision rule 

·         Simulation 

·         Linear least squares method

Question 6

Charging different prices for the same product is a key part of which of the following strategies?  

·         Chase strategy  

·         Level strategy  

·         Capacity management 

·         Yield management