O&SM Week 9 15 Q's
O&SM Week 9 Quiz
Test your knowledge with our O&SM Week 9 quiz, designed to challenge your understanding of operational and supply chain management concepts. This quiz covers various topics, including product development, material requirements planning, process layout, and forecasting techniques.
Key Features:
- 15 engaging multiple-choice questions
- Instant feedback on your answers
- Improve your understanding of crucial operations management principles
Motivators for driving new product development include the following EXCEPT
Proximity to completion
Using excess capacity
Exploiting market opportunities
Additional sources of revenue and profit
Which of the following statements is true about the product layout (continuous process)?
Workstations are located accordingly to the type of machinery
Work flow is lumpy
A wide variety of different products can be produced
There is little build up of work in process inventory
In eight hours, a worker completed twenty-five units. The standard is 3.25 units per hour. What is the performance of this worker for this time period?
40.6%
104%
96.2%
76.9%
Which of the following statements about Pre-determined Time and Motion Study is TRUE?
It requires at least thirty observations
It is the best method for measuring work with long cycles
It is very useful for preparing quotations for new work
There is a large degree of judgement used
Why is it important to track the forecast?
To compare the actual sales with the forecast
To improve our forecasting methods
To utilize actual sales data
To satisfy marketings need to know
Which of the following is an objective of material requirements planning?
Keep the factory busy
Keep priorities current
Determine the forecast
Minimise inventory investment
Building inventory in slack seasons
Helps to level labour loads
Helps to maximise the utilisation of equipment
Helps reduce needs to change manufacturing output levels frequently
All of the above
Which of the following statements is true regarding the relationship with suppliers in a JIT environment?
All cost reductions will be awarded directly to the buyer
Short-term contracts for multiple small deliveries will be used.
Planning becomes more erratic and difficult
The supplier is viewed as an upstream work centre.
If the annual cost of goods sold is £20 million and the average inventory is £5 million, what is the turns ratio?
£15 million
.5
5
4.
Which of the following statements about the Entrepreneurial model of new product development is false?
The management style emphasises innovation
Consumer research is formal and takes place at an early stage
Success is attributed to possession of a unique product or service
Applicable to corporations or individuals
Which of the following statements is true regarding process layout (intermittent manufacturing)?
Capital costs are generally higher than the product layout.
Special purpose machinery is used
Each workstation is flexible
There is little build up of work in process inventory
Which forecasting approach is most appropriate when there is little or no historical data?
Time series analysis
Delphi technique
Exponential smoothing
Moving average
A work centre consists of two machines working eight hours a day and five days a week. Historically utilisation has been 80 per cent, and efficiency has been 90 per cent. To the nearest hour, what is the rated capacity?
80 hours
58 hours
40 hours
30 hours
If a product has fixed costs of £24,000 and variable costs of £6 per unit, a price of £8 per unit will result in a breakeven point of
4,000 units
12,000 units
24,000 units
1714 units
In Process Flow charting what does the round circle symbol represent
An operation
Storage
Inspection
Delay
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