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Contemporary Business Study Set 1
Quiz 10: Production and Operations Management
Path 4
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Question 81
Multiple Choice
The critical path in a PERT chart represents the _____.
Question 82
Multiple Choice
When choosing an appropriate vendor, production managers consider all of the following EXCEPT _____.
Question 83
Multiple Choice
Isaac's job involves setting up well-designed procedures for coordinating people, materials, and machinery for the production of mesh filters. Isaac is involved in _____.
Question 84
Multiple Choice
Harriet uses a computer-based production planning system by which a firm can ensure that it has needed parts and materials available at the right time and place and in the correct amounts. Harriet uses:
Question 85
Multiple Choice
The last step in production control is to spot problems in the production process and inform management of needed adjustments. This phase is called _____.
Question 86
Multiple Choice
Tidewater Company uses 100,000 pounds of fresh flowers each year. Because of rising energy costs, it has become more expensive for Tidewater to store flowers. All other factors being equal, Tidewater should _____ its inventory of fresh flowers, which would _____ the risk of running out of inventory
Question 87
Multiple Choice
How can a firm best protect itself against an interruption in the supply of parts?
Question 88
Multiple Choice
_____ is the phase of production control that determines the sequence of work and specifies where and by whom each aspect of production will be performed.
Question 89
Multiple Choice
All of the following are expenses involved in storing inventory EXCEPT _____.
Question 90
Multiple Choice
When Best Buy vendors ship merchandise directly to stores instead of distribution centers, the company is utilizing _____.
Question 91
Multiple Choice
Elijah is a warehouse production manager and has been assigned a complex project that might result in lengthy delays. In order to coordinate all aspects of the production process, Elijah has created a(n) _____ chart.
Question 92
Multiple Choice
The supplier for Omega Corporation has offered the company a 5 percent discount if it will order more units less frequently. If Omega accepts the supplier's offer, the cost of carrying inventory will _____ and the cost of running out of inventory will _____.
Question 93
Multiple Choice
Which phase of production control determines the amount of all resources needed to produce a certain amount of goods and services?
Question 94
Multiple Choice
Snyder Industries uses 100,000 widgets each year. If Snyder decides to place more orders each year, ordering fewer widgets each time, Snyder will be carrying _____ inventory on average and the risk of running out of inventory will _____.
Question 95
Multiple Choice
Which of the following is LEAST likely be purchased on a long-term contractual basis?
Question 96
Multiple Choice
Part of Vicky's job as a production supervisor is to instruct each department on what work to do and the time in which they have to complete their work assignments. This part of her job is known as _____.