NOUN TMA Solutions: BUS317 - Production Management

Q1 A major characteristic of a Just-in-Time system is ____________

Multiple manufacturing cell s

Q2 To implement and operate an effective capacity requirement planning system, it is necessary to have
_____________

Accurate and up-to-date inventory records
A computer and necessary oftware
***All of the above
None of the abov e

Q3 What is the major informational needs that must be met for an effective aggregate planning to take place? _______________

Available sources o ver the planning period

Q4 Which of the followings is an informal technique widely used by aggregate planners? ____________

Periodic determination of demand

Q5 The following options are available for altering production capacity, except _________

Wage varia tions

Q6 The followings are the basic demand options, except ____________

Capacity

Q7 Which of the following informational needs must be met for an effective aggregate planning to take place? ___________
Available sources over the planning period
Forecast of expected demand
***All of the above
None of the abov e

Q8 Capacity requirement planning can be defined as _____________

The process of determining shortage capacity requ irements

Q9 The annual sales at cost is given by N3,410,000, with an average aggregate inventory value of N360,500, What is the inventory turnover? ____________

9.5 turns

Q10 The major purpose of aggregate planning is to develop _____________

A feasible production plan

Q11 The first step in an acquisition process is to _____________

Recognise the need

Q12 In materials management, which of the following structures recognise that materials management tasks are part of the supply chain management activity? ____________-

Integrated structu re

Q13 Which of the following is the mostly used quantitative approach to site selection? _______________

Break-even analysis

Q14 Given that the annual demand is 200 units and the ordering cost is N50,000, what is the optimum order quantity? _____________
N20,000,000
N1,000,000
N10,000,00 0
***None of the a bove

Q15 Uneven demand for products can be met through _____________

Matching demand periodic by period

Q16 The amount of goods or services that should be ordered by a production unit can be determined by

The EOQ

Q17 In operations management, marketing is concerned with _____________

Sensing, serving, and satisfyin g customer needs

Q18 Which of the followings is a basic requirement for an effective inventory management? ___________

A reliable forecast of demand

Q19 Given an average aggregate inventory value of N360,500 and a weekly sales of N65,577, What is the number of weeks of supply? ____________

5.50 weeks

Q20 Distribution can be effectively defined as ____________

The management of the flow of materials

Q21 The basic EOQ model assumes all but one of the followings _______________

Constant elasticity of supply

Q22 Effective inventory management requires ___________
A classification system for inventory items
An inventory counting system
***All of the above
None of the abov e

Q23 It has been recommended that selection of transportation modes should be based on __________
Competitive considerations

Q24 The three major criteria firms use in considering the selection of a supplier include 

Price Quality and Delivery

Q25 Which of the following is the first step in an acquisition process? ___________

recognizing the nee d

Q26 It can be said that successful supply chain management requires _____________

A high degree of functional and organizational integration

Q27 The term value added in a transformation process is used to describe _____________

The difference between input costs and price of outpu ts

Q28 In materials management, which of the following structures recognise that materials management tasks are part of the supply chain management activity? _____________

Integrated structu re

Q29 A major requirement in supply-chain management is _________

Inventory control

Q30 Which of the following is the mostly used quantitative approach to site selection? ___________

Break-even analysis

Q31 The conversion process of operations function involves which of the following sequence _________

Input, transformation, and outputs

Q32 Site selection is aimed at ___________

Increasing production capacity to serve customers better

Q33 Which of the following is not an argument in the inventory cost structures? 

Delivery costs

Q34 Which of the following is an important reason a firm keeps inventory? _________

To guide against shortages

Q35 A supply-chain performance can be measured by ___________

Average Inventory value

Q36 It has been recommended that selection of transportation modes should be based on _________

Competitive considerations

Q37 Effective management of technology requires _________

That managers play several but often conflicting roles

Q38 The operational function of an organization consists of ___________

Production, Storage, and communication

Q39 Concurrent engineering can be defined as ___________

The act of bringing together design engin eers and quality specialists for technology integration

Q40 A typical business organization has three basic functions, including _________

Finance, marketing, and production