INF 336 Week 4 Quiz | Assignment Help | Ashford University
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- 26 Aug 2020
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INF 336 Week 4 Quiz | Assignment Help | Ashford University
Week 4 Quiz
Question 1
Closed-loop MRP:
o
is a system which closes the loop
between the supplier and the purchaser.
o
requires a feedback loop between
purchasing and accounting.
o
provides a feedback loop between
capacity and the master production schedule.
o
requires a check between the master
production schedule and inventory.
o
allows a unit manager to sequence jobs
done in that department.
Question 2
When the carrying cost of inventory is expressed as
a percentage:
o
it is usually the same as the borrowing
cost of the organization.
o
the lower it is, the lower the economic
order quantity.
o
it usually exceeds 57.5 percent per
year.
o
it must exclude the insurance cost of
inventory.
o
it is multiplied by the material unit
cost to calculate the per unit carrying cost.
Question 3
For the supply management function, time-based
strategies that impact competitive advantage relate to cycle time reductions
and greater coordination of materials and information flows.
o
True
o
False
Question 4
On an annual requirement of 100 items spread evenly
throughout the year, any purchaser has an opportunity of buying all 100 units
at a price of $100 each, or buying 10 units at a time at a price of $120. If
the inventory carrying cost is 25 percent per year and assuming no ordering
costs:
o
buying 100 at a time will save the
company $2,500 per year.
o
buying 100 at a time will save the
company $2,000 per year.
o
buying 100 at a time will save the
company $1,100 a year.
o
buying 100 at a time will save the
company $900 per year.
o
buying 100 at a time will save the
company $200 a year.
Question 5
Canceling a contract for a technicality when market
prices are falling is considered a perfectly acceptable and ethical practice.
o
True
o
False
Question 6
Service coverage is the ability of purchasing to
meet the needs of its internal customers.
o
True
o
False
Question 7
The three main inputs of a material requirements
planning (MRP) system are:
o
an accurate bill of material, a master
production schedule, and the inventory record.
o
required human resources, required
machine resources, and available resources.
o
required manufacturing resources, a
master production schedule, and required human resources.
o
results from Pareto analysis, inventory
records and a master production schedule.
o
inventory records, annual sales
forecast, and a master production schedule.
Question 8
Target pricing may result in companywide cost
reductions in:
o
design to cost.
o
manufacture to cost.
o
purchase to cost.
o
a and b.
o
a, b, and c.
Question 9
When developing a negotiation strategy, the
negotiator should assess the positions of strength of both (all) parties to:
o
decide if negotiation makes sense.
o
establish negotiation points.
o
avoid setting unrealistic expectations.
o
b and c.
o
a, b, and c.
Question 10
An externally focused process of analyzing costs in
terms of the overall value chain is called:
o
strategic cost management.
o
supply chain management.
o
total cost management.
o
profit leverage effect.
o
activity based costing.
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