Operations and Supply Chain Management Final Exam PDF

Assignment Print View 4/19/25, 6:24 PM 1. Award: 3.00 points TB MC Qu. 01-59 (Static) Which of the following is a reason for... Which of the following i...

Assignment Print View 4/19/25, 6:24 PM 1. Award: 3.00 points TB MC Qu. 01-59 (Static) Which of the following is a reason for... Which of the following is a reason for studying operations and supply chain management (OSCM)?  Most business graduates do OSCM work regardless of their job title.  OSCM is essential for understanding organizational behavior.  All managers should understand the basic principles that guide the design of transformation processes.  OSCM is the most rigorous business discipline.  OSCM is a required course in all business degree programs. All managers should understand the basic principles that guide the design of transformation processes. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 01- Learning Objective: 59 (Static) 01-01 Identify the Which of the elements of following is a operations and reason for... supply chain management (OSCM). https://ezto.mheducation.com/hm.tpx Page 1 of 51 Assignment Print View 4/19/25, 6:24 PM 2. Award: 3.00 points TB MC Qu. 01-60 (Static) Which of the following sets of... Which of the following sets of categories the Goods-Services Continnuum consists of?  No goods, some goods, even mix, some service, no service.  Pure goods, core goods, core services, pure services.  No service, some service, good service, excellent service.  Self-service, help desk service, face-to-face service, service-with-a-smile.  None of these. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 60 (Static) 01-01 Identify the Which of the elements of following sets operations and of... supply chain management (OSCM). https://ezto.mheducation.com/hm.tpx Page 2 of 51 Assignment Print View 4/19/25, 6:24 PM 3. Award: 3.00 points TB MC Qu. 01-61 (Static) Which of the following are defined as core... Which of the following are defined as core goods?  Chemicals.  Airlines.  Data storage systems.  Hotels.  None of these. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 61 (Static) 01-01 Identify the Which of the elements of following are operations and defined as core supply chain... management (OSCM). https://ezto.mheducation.com/hm.tpx Page 3 of 51 Assignment Print View 4/19/25, 6:24 PM 4. Award: 3.00 points TB MC Qu. 01-62 (Static) Current issues in OSCM do not... Current issues in OSCM do not include _____________.  coordinating relationships between organizations  managing customer touch points  making senior management aware that OSCM can be a competitive weapon  increasing global supply chain employment References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 62 (Static) 01-04 Recognize the Current issues major concepts that in OSCM do define the not... operations and supply chain management field. https://ezto.mheducation.com/hm.tpx Page 4 of 51 Assignment Print View 4/19/25, 6:24 PM 5. Award: 3.00 points TB MC Qu. 01-65 (Static) Which of the following is not a way that... Which of the following is not a way that operations and supply processes are categorized?  Selecting.  Delivering.  Making.  Planning.  Returning. Operations and supply chain processes can be conveniently categorized as planning, sourcing, making, delivering, and returning. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 65 (Static) 01-01 Identify the Which of the elements of following is not operations and a way that... supply chain management (OSCM). https://ezto.mheducation.com/hm.tpx Page 5 of 51 Assignment Print View 4/19/25, 6:24 PM 6. Award: 3.00 points TB MC Qu. 01-67 (Static) Which of the following is not a measure of... Which of the following is not a measure of operations and supply chain management efficiency used by Wall Street?  Days inventory.  Earnings per share.  Asset turnover.  Receivable turnover.  Inventory turnover. Earnings per share is not a measure of operations and supply chain efficiency. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 01- Learning Objective: 67 (Static) 01-02 Evaluate the Which of the efficiency of the firm. following is not a measure of... https://ezto.mheducation.com/hm.tpx Page 6 of 51 Assignment Print View 4/19/25, 6:24 PM 7. Award: 3.00 points TB MC Qu. 01-71 (Static) All other things remaining the same, if the... All other things remaining the same, if the revenue or sales decreases, asset turnover ratio will _____.  will decrease, but the amount of change will depend on the profit margin  decrease  increase  stay the same  decrease and will decrease, but the amount of change will depend on the profit margin Revenue (or sales) Asset turnover = , sales or revenue is in the numerator and hence the value will go Total assets down as the numerator decreases. Logically, if sales decreases, while total assets remain the same, then asset turn over will go down. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 71 (Static) All 01-02 Evaluate the other things efficiency of the firm. remaining the same, if the... https://ezto.mheducation.com/hm.tpx Page 7 of 51 Assignment Print View 4/19/25, 6:24 PM 8. Award: 3.00 points TB MC Qu. 01-72 (Static) Which of the following is the most appropriate... Which of the following is the most appropriate regarding inventory turnover? A. Inventory turnover increases as average inventory decreases, while other things remain the same. B. Inventory turnover is an efficiency measure. C. Inventory turnover is unaffected by changes in annual sales.  Choice A  Choice B  Choice C  Choices A and B only  Choices A, B and C will hold Cost of godds sold Inventory turnover = Averag inventory value , if average inventory decreases (denominator decreasing) while other things remain the same, turnover will increase. (A is true). Inventory turnover is an efficiency measure and hence B is true. Change is sales will change the cost of goods sold and hence change the turnover ratio and hence C is false. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 01- Learning Objective: 72 (Static) 01-02 Evaluate the Which of the efficiency of the firm. following is the most appropriate... https://ezto.mheducation.com/hm.tpx Page 8 of 51 Assignment Print View 4/19/25, 6:24 PM 9. Award: 3.00 points TB MC Qu. 02-30 (Static) Which of the following is not a major... Which of the following is not a major strategic operational competitive dimension that forms a company's competitive position?  Cost or price.  Management acumen.  Delivery speed.  Coping with changes in demand.  Delivery reliability. The operational competitive dimensions that form a company's competitive position are listed in the text. Management acumen is not mentioned. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 30 (Static) 02-02 Define Which of the operations and following is not supply chain a major... strategy. https://ezto.mheducation.com/hm.tpx Page 9 of 51 Assignment Print View 4/19/25, 6:24 PM 10. Award: 3.00 points TB MC Qu. 02-32 (Static) When developing an operations and supply... When developing an operations and supply chain strategy, which of the following is an important product-specific criterion to consider?  Learning curve.  Total quality management.  Competitor's product performance.  Production lot-size.  Technical liaison. Technical liaison and support. A supplier may be expected to provide technical assistance for product development, particularly during the early stages of design and manufacturing. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 32 (Static) 02-02 Define When operations and developing an supply chain operations and strategy. supply... https://ezto.mheducation.com/hm.tpx Page 10 of 51 Assignment Print View 4/19/25, 6:24 PM 11. Award: 3.00 points TB MC Qu. 02-35 (Static) Which of the following is an... Which of the following is an activity-system map?  A network guide to route airlines.  A timeline displaying major planned events.  A listing of activities that make up a project.  A diagram that shows how a company's strategy is delivered to customers.  A facility layout schematic noting what is done where. Activity-system maps show how a company's strategy is delivered through a set of tailored activities. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 02- Learning Objective: 35 (Static) 02-03 Explain how Which of the operations and following is supply chain an... strategies are implemented. https://ezto.mheducation.com/hm.tpx Page 11 of 51 Assignment Print View 4/19/25, 6:24 PM 12. Award: 3.00 points TB MC Qu. 02-37 (Static) Which of the following is a multifactor... Which of the following is a multifactor measure of productivity? A. Output ÷ (Materials) B. Output ÷ (Labor + Capital + Energy) C. Output ÷ All resources used D. Output ÷ Inputs  Choice A  Choice B  Choice C  Choice D  All of these Answer B is correct. Answer A is a partial measure of productivity while C & D are measures of total productivity. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 37 (Static) 02-05 Evaluate Which of the productivity in following is a operations and multifactor... supply chain management. https://ezto.mheducation.com/hm.tpx Page 12 of 51 Assignment Print View 4/19/25, 6:24 PM 13. Award: 3.00 points TB MC Qu. 02-39 (Static) If all you knew about a production system... If all you knew about a production system was that total daily output was 400 units and the total labor necessary to produce the 400 units was 350 hours, what kind of productivity measure could you use to compute productivity? A. Partial measure B. Multifactor measure C. Total measure D. Global measure  Choice A  Choice B  Choice C  Choice D  All of these Answer A is correct. Without measures of other inputs only a partial output measure is possible. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 02- Learning Objective: 39 (Static) If all 02-05 Evaluate you knew productivity in about a operations and production supply chain system... management. https://ezto.mheducation.com/hm.tpx Page 13 of 51 Assignment Print View 4/19/25, 6:24 PM 14. Award: 3.00 points TB MC Qu. 02-41 (Static) The total output from a production system... The total output from a production system in one day is 500 units and the total labor necessary to produce the 500 units is 350 hours. Using the appropriate productivity measure, which of the following numbers represents the resulting productivity ratio?  1.000  1.429  0.700  0.411  None of these 500 units divided by 350 hours = 1.429. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 41 (Static) The 02-05 Evaluate total output productivity in from a operations and production supply chain system... management. https://ezto.mheducation.com/hm.tpx Page 14 of 51 Assignment Print View 4/19/25, 6:24 PM 15. Award: 3.00 points TB MC Qu. 02-48 (Static) What is meant by the term operations... What is meant by the term "operations effectiveness?"  Operations that run without error and with no surprises for top management.  Performing activities in a manner that best implements strategic priorities at minimum cost.  Products produced at the lowest price in the industry.  Products produced in sufficient volume to meet demand.  Operations that can adapt quickly and efficiently to new and evolving conditions. Operations effectiveness is performing activities in a manner that best implements strategic priorities at minimum cost References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 48 (Static) What 02-02 Define is meant by the operations and term supply chain operations... strategy. https://ezto.mheducation.com/hm.tpx Page 15 of 51 Assignment Print View 4/19/25, 6:24 PM 16. Award: 3.00 points TB MC Qu. 02-50 (Static) Triple bottom line is a phrase that... Triple bottom line is a phrase that captures which of the following? A. The concept that shareholders like economic, environmental and societal stewardship affecting shareholders and stake holders. B. The concept that firms should consider economic prosperity, environmental stewardship and social responsibility affecting shareholders and stake holders. C. The concept that sustainability, social awareness and profitability are three important measures for a firm affecting shareholders and stake holders. D. The concept that firms should consider economic prosperity, environmental stewardship and social responsibility affecting only shareholders.  Choice A  Choice B  Choice C  Choice D  None of the above B is the answer. Key is that it should take care of three objectives as well as shareholders and stakeholders. (Ex 2.1). References Multiple Choice Difficulty: 2 Medium TB MC Qu. 02- Learning Objective: 50 (Static) 02-01 Know what a Triple bottom sustainable business line is a phrase strategy is and how that... it relates to operations and supply chain management. https://ezto.mheducation.com/hm.tpx Page 16 of 51 Assignment Print View 4/19/25, 6:24 PM 17. Award: 3.00 points TB MC Qu. 08-43 (Static) In an overview of the major operations... In an overview of the major operations planning activities in a typical organization, which of the following activities precedes aggregate sales and operations planning?  Materials requirements planning.  Workforce scheduling.  Process planning.  Master production scheduling.  Order scheduling. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 08- Learning Objective: 43 (Static) In an 08-01 Understand overview of the what sales and major operations planning operations... is and how it coordinates manufacturing, logistics, service, and marketing plans. https://ezto.mheducation.com/hm.tpx Page 17 of 51 Assignment Print View 4/19/25, 6:24 PM 18. Award: 3.00 points TB MC Qu. 08-47 (Static) The main purpose of aggregate operations... The main purpose of aggregate operations planning is to specify the optimal combination of _____________.  the strategic plan and the products available for sale  the workforce level and the degree of automation  inventory on hand and financing costs for that inventory  operational costs and the cash flow to support operations  workforce levels and inventory on hand The main purpose of the aggregate plan is to specify the optimal combination of production rate, workforce level, and inventory on hand. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 08- Learning Objective: 47 (Static) The 08-01 Understand main purpose what sales and of aggregate operations planning operations... is and how it coordinates manufacturing, logistics, service, and marketing plans. 19. Award: 3.00 points TB MC Qu. 08-49 (Static) In conducting aggregate operations planning... https://ezto.mheducation.com/hm.tpx Page 18 of 51 Assignment Print View 4/19/25, 6:24 PM In conducting aggregate operations planning there are a number of required inputs. Which of the following are inputs considered external to the firm?  Market demand and inventory levels.  Subcontractor capacity and current workforce.  Economic conditions and current physical capacity.  Raw material availability and inventory levels.  Competitor behavior and economic conditions. Refer to exhibit 8.2, Required Inputs to the Production Planning System. References Multiple Choice Difficulty: 2 Medium https://ezto.mheducation.com/hm.tpx Page 19 of 51 Assignment Print View 4/19/25, 6:24 PM TB MC Qu. 08- Learning Objective: 49 (Static) In 08-01 Understand conducting what sales and aggregate operations planning operations is and how it planning... coordinates manufacturing, logistics, service, and marketing plans. https://ezto.mheducation.com/hm.tpx Page 20 of 51 Assignment Print View 4/19/25, 6:24 PM 20. Award: 3.00 points TB MC Qu. 08-51 (Static) _____ is a production... _____ is a production planning strategy presented in the textbook?  Balanced  Strategic  Level  Synchronous  Optimal There are essentially three production planning strategies. These are called level, chase and stable workforce—variable work hours. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 08- Learning Objective: 51 (Static) 08-01 Understand _____ is a what sales and production... operations planning is and how it coordinates manufacturing, logistics, service, and marketing plans. https://ezto.mheducation.com/hm.tpx Page 21 of 51 Assignment Print View 4/19/25, 6:24 PM 21. Award: 3.00 points TB MC Qu. 08-53 (Static) Matching the production rate to the order... Matching the production rate to the order rate by hiring and laying off employees as the order rate varies which of the following is(are) "pure" production planning strategy?  Stable workforce, variable work hours.  Meeting demand.  Chase.  Minimizing inventory.  Level. The chase strategy matches the production rate to the order rate by hiring and laying off employees as the order rate varies. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 08- Learning Objective: 53 (Static) 08-01 Understand Matching the what sales and production rate operations planning to the order... is and how it coordinates manufacturing, logistics, service, and marketing plans. https://ezto.mheducation.com/hm.tpx Page 22 of 51 Assignment Print View 4/19/25, 6:24 PM 22. Award: 3.00 points TB MC Qu. 08-54 (Static) Maintaining a stable workforce working at a... Maintaining a stable workforce working at a constant output rate while shortages and surpluses are absorbed by fluctuating inventory levels, order backlogs, and allowing lost sales which of the following is(are) production planning strategy?  Stable workforce, variable work hours.  Level.  Full employment.  Chase.  Skill maintenance. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 08- Learning Objective: 54 (Static) 08-01 Understand Maintaining a what sales and stable operations planning workforce is and how it working at a... coordinates manufacturing, logistics, service, and marketing plans. https://ezto.mheducation.com/hm.tpx Page 23 of 51 Assignment Print View 4/19/25, 6:24 PM 23. Award: 3.00 points TB MC Qu. 08-56 (Static) Which of the following methods discussed in... Which of the following methods discussed in the text requires generating several alternative aggregate plans?  Production smoothing.  Cut and try.  Graphing and charting.  Aggregate plan simulation.  Trial and error. A cut-and-try approach involves costing out various production planning alternatives and selecting the one that is best. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 08- Learning Objective: 56 (Static) 08-02 Construct and Which of the evaluate aggregate following plans that employ methods different strategies discussed in... for meeting demand. https://ezto.mheducation.com/hm.tpx Page 24 of 51 Assignment Print View 4/19/25, 6:24 PM 24. Award: 3.00 points TB MC Qu. 08-65 (Static) Which of the following is not one of the... Which of the following is not one of the "number of interesting issues that arise in yield management with"?  Pricing structures must appear logical to the customer and justify different prices.  How to handle variability in customer arrivals, duration, and interval.  Training workers and managers to work in a yield management environment.  Managing the service process.  Designing yield management programs that cannot be imitated by a competitor. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 08- Learning Objective: 65 (Static) 08-03 Explain yield Which of the management and following is not why it is an one of the... important strategy. https://ezto.mheducation.com/hm.tpx Page 25 of 51 Assignment Print View 4/19/25, 6:24 PM 25. Award: 3.00 points TB MC Qu. 13-41 (Static) Typically, which is the most challenging... Typically, which is the most challenging kind of supply chain to manage?  Erratic supply chain.  Risk-hedging supply chain.  Efficient supply chain.  Responsive supply chain.  Agile supply chain. According to the text, it is usually more challenging to operate a supply chain that is in the right column of Exhibit 13.4 than in the left column, and similarly it is more challenging to operate a supply chain that is in the lower row of Exhibit 13.4 than in the upper row. That would be the agile supply chain. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 41 (Static) 13-01 Explain what Typically, which strategic sourcing is. is the most challenging... https://ezto.mheducation.com/hm.tpx Page 26 of 51 Assignment Print View 4/19/25, 6:24 PM 26. Award: 3.00 points TB MC Qu. 13-43 (Static) In outsourcing which of the following... In outsourcing, which of the following internal activities and decision responsibilities cannot be transferred to outside contractors?  Activities involving shareholders.  Activities involving facilities.  Activities involving people.  Activities involving technology.  Activities involving equipment. Outsourcing goes beyond the more common purchasing and consulting contracts because not only are the activities transferred, but resources that make the activities occur, including people, facilities, equipment, technology, and other assets, are also transferred. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 43 (Static) In 13-02 Explain why outsourcing companies which of the outsource following... processes. https://ezto.mheducation.com/hm.tpx Page 27 of 51 Assignment Print View 4/19/25, 6:24 PM 27. Award: 3.00 points TB MC Qu. 13-46 (Static) Which of the following is an improvement- driven... Which of the following is an improvement-driven reason for outsourcing?  Shorten cycle time.  Reduce costs through a lower cost structure.  Improve effectiveness by focusing on what the firm does best.  Turn fixed costs into variable costs.  Increase product and service value by improving response to customer needs. See exhibit 13.4. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 46 (Static) 13-02 Explain why Which of the companies following is an outsource improvement- processes. driven... https://ezto.mheducation.com/hm.tpx Page 28 of 51 Assignment Print View 4/19/25, 6:24 PM 28. Award: 3.00 points TB MC Qu. 13-49 (Static) When considering outsourcing, what should... When considering outsourcing, what should firms be sure to avoid?  Losing control of noncore activities that don't distinguish the firm.  Adverse corporate tax implications of asset transfers to the outsourcing partner.  Giving the outsourcing partner opportunities to become a strong competitor.  Allowing outsourcing to develop into a substitute for innovation.  Allowing employees transferred to the outsourcing partner to rejoin the firm. The example of Intel Corporation which allowed outsourcing partners to become competitors in the memory market. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 49 (Static) 13-02 Explain why When companies considering outsource outsourcing, processes. what should... https://ezto.mheducation.com/hm.tpx Page 29 of 51 Assignment Print View 4/19/25, 6:24 PM 29. Award: 3.00 points TB MC Qu. 13-55 (Static) Ownership costs are incurred after the... Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material. Which of the following is not an ownership cost listed in the text?  Financing costs.  Energy costs.  Taxes.  Supply network costs.  Maintenance and repair costs. See exhibit 13.7. Ownership costs listed are Energy costs; Maintenance and repair; financing; and supply chain/supply network costs. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 55 (Static) 13-03 Analyze the Ownership total cost of costs are ownership. incurred after the... https://ezto.mheducation.com/hm.tpx Page 30 of 51 Assignment Print View 4/19/25, 6:24 PM 30. Award: 3.00 points TB MC Qu. 13-59 (Static) Warranty costs are part of _____. Warranty costs are part of _____________.  acquisition cost  total cost of ownership  post-ownership costs  total cost of ownership and post-ownership costs  none of the above See Exhibit 13.7. Since both total cost of ownership and post-ownership costs are correct, the answer is total cost of ownership and post-ownership costs. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 59 (Static) 13-03 Analyze the Warranty costs total cost of are part of ownership. _____. https://ezto.mheducation.com/hm.tpx Page 31 of 51 Assignment Print View 4/19/25, 6:24 PM 31. Award: 3.00 points TB MC Qu. 13-61 (Static) The inventory turnover ratio used in... The inventory turnover ratio used in measuring supply chain efficiency is found by the following ratio: _____________.  Cost of goods sold ÷ Cost to sell goods  Cost of goods sold ÷ Average aggregate inventory value  Fixed costs ÷ Variable costs  Operations flow costs ÷ Suppliers flow costs  Sales costs ÷ Marketing costs Inventory turnover = Cost of goods sold ÷ Average aggregate inventory value See equation 13.1. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 13- Learning Objective: 61 (Static) The 13-04 Evaluate inventory sourcing turnover ratio performance. used in... https://ezto.mheducation.com/hm.tpx Page 32 of 51 Assignment Print View 4/19/25, 6:24 PM 32. Award: 3.00 points TB MC Qu. 13-67 (Static) Other things remaining the same, if... Other things remaining the same, if the average aggregate inventory value goes down, then _____________  inventory turnover ratio will go up, but weeks of supply will go down.  inventory turnover ratio and weeks of supply will both go up.  inventory turnover ratio will stay the same, but weeks of supply will go down.  inventory turnover ratio and weeks of supply will both go down.  inventory turnover ratio will go down, but the weeks of supply will stay the same. Inventory turnover = cost of goods sold ÷ average aggregate inventory value. This will go up. Weeks of supply = average aggregate inventory ÷ cost of goods sold. This will go down. (see equation 13.1 and 13.2). Inventory turnover = Cost of goods sold ÷ Average aggregate inventory value Weeks of supply = Average aggregate inventory value ÷ Cost of goods sold × 52 weeks References Multiple Choice Difficulty: 2 Medium TB MC Qu. 13- Learning Objective: 67 (Static) 13-04 Evaluate Other things sourcing remaining the performance. same, if... https://ezto.mheducation.com/hm.tpx Page 33 of 51 Assignment Print View 4/19/25, 6:24 PM 33. Award: 3.00 points TB MC Qu. 11-51 (Static) Firms keep supplies of inventory _____________. Firms keep supplies of inventory _____________.  to meet variation in product demand  to maintain dependence of operations  to provide a feeling of security for the workforce  to hedge against wage increases  in case the supplier changes the design References Multiple Choice Difficulty: 1 Easy TB MC Qu. 11-51 Learning Objective: (Static) Firms 11-01 Explain how keep supplies inventory is used of inventory and understand ____________ what it costs. _. https://ezto.mheducation.com/hm.tpx Page 34 of 51 Assignment Print View 4/19/25, 6:24 PM 34. Award: 3.00 points TB MC Qu. 11-55 (Static) Which of the following is not included as... Which of the following is not included as an inventory holding cost?  Handling.  Insurance.  Annualized cost of materials.  Pilferage.  Storage facilities. Holding costs include the costs for storage facilities, handling, insurance, pilferage, breakage, obsolescence, depreciation, taxes, and the opportunity cost of capital. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 11- Learning Objective: 55 (Static) 11-01 Explain how Which of the inventory is used following is not and understand included as... what it costs. https://ezto.mheducation.com/hm.tpx Page 35 of 51 Assignment Print View 4/19/25, 6:24 PM 35. Award: 3.00 points TB MC Qu. 11-65 (Static) Which of the following is an assumption of... Which of the following is an assumption of the basic fixed-order quantity inventory model?  Stock-out costs are high.  Ordering costs are variable.  Back orders are allowed.  Price per unit of product is constant.  Lead times are averaged. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 11- Learning Objective: 65 (Static) 11-02 Analyze how Which of the different inventory following is an control systems assumption of... work. https://ezto.mheducation.com/hm.tpx Page 36 of 51 Assignment Print View 4/19/25, 6:24 PM 36. Award: 3.00 points TB MC Qu. 14-33 (Static) Which of the following is not... Which of the following is not a coordinating activity related to information systems involved in logistics planning?  Scheduling.  Labor management.  Allocating resources.  Order tracking.  Managing inventory levels. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 14- Learning Objective: 33 (Static) 14-02 Contrast Which of the logistics and following is warehouse design not... alternatives. https://ezto.mheducation.com/hm.tpx Page 37 of 51 Assignment Print View 4/19/25, 6:24 PM 37. Award: 3.00 points TB MC Qu. 14-37 (Static) Which of the following is not a criterion... Which of the following is not a criterion that influences manufacturing plant or warehouse facility location decisions?  Quality of labor.  Infrastructure of a country.  Proximity to customers.  Business climate.  Historical cost. Historical cost is not mentioned as a criterion that influences manufacturing plant or warehouse facility location decisions? References Multiple Choice Difficulty: 1 Easy TB MC Qu. 14- Learning Objective: 37 (Static) 14-03 Analyze Which of the logistics-driven following is not location decisions. a criterion... https://ezto.mheducation.com/hm.tpx Page 38 of 51 Assignment Print View 4/19/25, 6:24 PM 38. Award: 3.00 points TB MC Qu. 14-46 (Static) Which of the following is not an... Which of the following is not an infrastructure criterion used in facility location analysis?  Adequate health care.  Adequate transportation.  Adequate school system.  Adequate low-cost labor.  Adequate public utility systems. Labor is not an infrastructure criterion. Quality of labor is, but low cost labor is not mentioned. Infrastructure criteria mentioned are: adequate road, rail, air, and sea transportation, energy and telecommunications and, the local government's willingness to invest in upgrading infrastructure to the levels required. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 14- Learning Objective: 46 (Static) 14-03 Analyze Which of the logistics-driven following is not location decisions. an... https://ezto.mheducation.com/hm.tpx Page 39 of 51 Assignment Print View 4/19/25, 6:24 PM 39. Award: 3.00 points TB MC Qu. 14-57 (Static) Which of the following is not mentioned... Which of the following is not mentioned in the text as a technique for identifying potential sites for plants or other types of facilities?  Regression analysis.  Factor-rating systems.  The centroid method.  Linear programming.  The transportation method of decision analysis. There is no such method as the transportation method of decision analysis References Multiple Choice Difficulty: 1 Easy TB MC Qu. 14- Learning Objective: 57 (Static) 14-03 Analyze Which of the logistics-driven following is not location decisions. mentioned... https://ezto.mheducation.com/hm.tpx Page 40 of 51 Assignment Print View 4/19/25, 6:24 PM 40. Award: 3.00 points TB MC Qu. 05-44 (Static) A project can be subdivided into which of... A project can be subdivided into which of the following?  Work packages.  Events and decisions.  Sub-paths.  Job orders.  Sub-jobs. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 05- Learning Objective: 44 (Static) A 05-01 Explain what project can be projects are and subdivided into how projects are which of... organized. https://ezto.mheducation.com/hm.tpx Page 41 of 51 Assignment Print View 4/19/25, 6:24 PM 41. Award: 3.00 points TB MC Qu. 05-46 (Static) What is a work breakdown... What is a work breakdown structure?  A Gantt chart.  A definition of the hierarchy of project tasks, subtasks, and work packages.  A structure that is incompatible with the Critical Path Method.  A depiction of the activities making up a project.  A list of the activities making up the higher levels of the project. The work breakdown structure defines the hierarchy of project tasks, subtasks, and work packages. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 05- Learning Objective: 46 (Static) What 05-01 Explain what is a work projects are and breakdown... how projects are organized. https://ezto.mheducation.com/hm.tpx Page 42 of 51 Assignment Print View 4/19/25, 6:24 PM 42. Award: 3.00 points TB MC Qu. 05-53 (Static) What does EVM stand... What does "EVM" stand for?  Early Vision Management—a technique used in early project planning meetings for activities that set expectations to highlight and avoid "scope creep."  Earned Value Management–a technique for measuring project progress objectively.  Enterprise Vacation Matrix—a chart indicating team members planned vacation absences  Extra Value Materials—premium quality raw materials at the project site.  External Variance Measurement—identifying the degree to which project time and cost variances were due to forces and issues uncontrollable by the project manager. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 05- Learning Objective: 53 (Static) What 05-02 Evaluate does EVM projects using stand... earned value management. https://ezto.mheducation.com/hm.tpx Page 43 of 51 Assignment Print View 4/19/25, 6:24 PM 43. Award: 3.00 points TB MC Qu. 05-54 (Static) The major goal of Critical Path analysis is... The major goal of critical path analysis is to _____________.  To determine when each activity in the project should be scheduled  Determine the latest feasible start date  Identify and manage the critical path  Provide a visual aid that indicates precedent and antecedent relationships  Estimate the project's completion date References Multiple Choice Difficulty: 1 Easy TB MC Qu. 05- Learning Objective: 54 (Static) The 05-03 Analyze major goal of projects using Critical Path network-planning analysis is... models. https://ezto.mheducation.com/hm.tpx Page 44 of 51 Assignment Print View 4/19/25, 6:24 PM 44. Award: 3.00 points TB MC Qu. 05-61 (Static) For an activity in a CPM analysis, the early... For an activity in a CPM analysis, the early start time is 8 and the late start time is 10. Which of the following statements is true?  The duration of this activity is 2.  The activity is on the critical path.  The slack for this activity is 2.  The Late Finish is 12.  The Early Finish is 10. The difference between the late start time and early start time is the slack time. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 05- Learning Objective: 61 (Static) For 05-03 Analyze an activity in a projects using CPM analysis, network-planning the early... models. https://ezto.mheducation.com/hm.tpx Page 45 of 51 Assignment Print View 4/19/25, 6:24 PM 45. Award: 3.00 points TB MC Qu. 03-50 (Static) Which of the following is not one of the... Which of the following is not one of the basic forecasting types discussed in the text?  Qualitative  Time series analysis  Force field analysis  Simulation  Causal relationships Forecasting can be classified into four basic types: qualitative, time series analysis, causal relationships, and simulation. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 03- Learning Objective: 50 (Static) 03-02 Evaluate Which of the demand using following is not quantitative one of the... forecasting models. https://ezto.mheducation.com/hm.tpx Page 46 of 51 Assignment Print View 4/19/25, 6:24 PM 46. Award: 3.00 points TB MC Qu. 03-96 (Static) Which of the following forecasting... Which of the following forecasting methods is considered a qualitative forecasting technique?  Multiple regression.  Simple moving average.  Linear regression.  Exponential smoothing.  Market research. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 03- Learning Objective: 96 (Static) 03-03 Apply Which of the qualitative following techniques to forecasting... forecast demand. https://ezto.mheducation.com/hm.tpx Page 47 of 51 Assignment Print View 4/19/25, 6:24 PM 47. Award: 3.00 points TB MC Qu. 14-32 (Static) As per the discussion on FedEx, the... As per the discussion on FedEx, the vision of the firm and the driver for comprehensive technology strategy is _____________  delivery of the package is important and technology is not relevant.  information about a package is as important as the delivery itself but technology is incidental.  information about the package is as important as the delivery of the package and that drives comprehensive technology strategy.  comprehensive technology is the only important thing.  delivery of the package is important though information about a package is incidental. See FedEx intro discussion. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 14- Learning Objective: 32 (Static) As 14-01 Explain what per the logistics is. discussion on FedEx, the... https://ezto.mheducation.com/hm.tpx Page 48 of 51 Assignment Print View 4/19/25, 6:24 PM 48. Award: 3.00 points TB MC Qu. 14-36 (Static) In the logistics-systems design matrix, volume, cost... In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, moderate or high) used to describe attributes of transportation modes. Rail is associated with _____________  moderate volume, high speed and high cost.  moderate volume, moderate speed and high cost.  high volume, moderate speed and low cost.  low volume, high cost and low speed.  high volume, high speed and high cost. See exhibit 14.1. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 14- Learning Objective: 36 (Static) In 14-02 Contrast the logistics- logistics and systems design warehouse design matrix, volume, alternatives. cost... https://ezto.mheducation.com/hm.tpx Page 49 of 51 Assignment Print View 4/19/25, 6:24 PM 49. Award: 3.00 points TB MC Qu. 14-58 (Static) Suppose that using the centroid method you... Suppose that using the centroid method you found the best location for a communications tower. The location happens to be in the middle of a pond. Then, you should locate the tower _____________  at that location using water proof concrete and precast poles.  at the closest point outside the pond.  using some other method.  after considering qualitative factors such as geography, roads and utilities to help find the exact location.  None of the above See discussion under centroid method which emphasizes the other factors. References Multiple Choice Difficulty: 2 Medium TB MC Qu. 14- Learning Objective: 58 (Static) 14-03 Analyze Suppose that logistics-driven using the location decisions. centroid method you... https://ezto.mheducation.com/hm.tpx Page 50 of 51 Assignment Print View 4/19/25, 6:24 PM 50. Award: 3.00 points TB MC Qu. 13-36 (Static) The effect of the lack of synchronization... The effect of the lack of synchronization among supply chain members is referred to _____________.  Metcalf's Law  forward buying  bullwhip effect  continuous replenishment  being out of step The bullwhip effect indicates a lack of synchronization among supply chain members. References Multiple Choice Difficulty: 1 Easy TB MC Qu. 13- Learning Objective: 36 (Static) The 13-01 Explain what effect of the strategic sourcing is. lack of synchronization... https://ezto.mheducation.com/hm.tpx Page 51 of 51