DSC2006 Unofficial Mid-Term Mock Test Essay Example for Free

DSC2006 Unofficial Mid-Term Mock Test EssayDSC2006 Unofficial Mid-Term Mock Test2010/11 Semester 2 hold the best answer1. Business organizations consist of three major functions which, ideally a) support whizz anotherb) atomic number 18 mutually exclusivec) exist singly of each otherd) function independently of each othere) do not interface with each other2. taxation management is concerned witha) a march designed to determine the best practise of funds generated through sales. b) the use of marting tools to increase revenue.c) the use of depending tools to monitor cash flow. d) the use of determine to increase the profit generated from a limited supply of supply chain assets.e) the appropriate use of operational tools to improve operational energy with a view to increasing revenue.3. In order to make several(predicate)ial pricing effective, which of the pursuance issues ar to be dealt with?a) The unbend suitable moldiness differentiate between the market incisions and structure its pricing to make one segment pay more than the other.b) The firm must control demand much(prenominal) that the lower paying segment does not utilize the holy availability of the asset.c) The firm must secure enough capacity to meet demand from each segment. d) The firm should structure pricing according to different market segments and also control demand in such a way that the lower segment does not utilize the entire availability of the asset.e) The firm must secure enough capacity to meet demand of each segment and also control demand in such a way that the lower segment does not utilize the entire availability of the asset.4. In order to differentiate between different market segments, the firm must a) negotiate separately with different market segments that take accountproduct or service attributes differently.b) farm barriers by identifying product or service attributes that the segments look on differently.c) develop pricing structures based on the dea l of various product or service attributes.d) eliminate barriers that identify product or service attributes that the segments value differently.e) create barriers by identifying product or service attributes that the segments value differently and also negotiate separately with different market segments.5. Under which of the avocation condition(s) is the judgment of revenue management is applicable?a) content is perishable.b) The same unit of capacity fire be used to deliver product or service to different submarkets having their own demand curves with different hurt elasticity. c) Using appropriate booking rules, a firm can create a fence among the relevant submarkets.d) Capacity is perishable, the same capacity can be used to different submarkets having their own demand curves with different price elasticity and also the firm can create a fence among the relevant submarkets.e) Capacity is perishable and the same capacity can be used to different submarkets having their own demand curves with different price elasticity 6. Throughput time cannot be reduced in a process bya) Reducing the utilization of bottleneck equipmentb) Per tenoring activities using a consecutive approachc) Changing the sequence of activitiesd) Reducing interruptionse) All of the above are ways by which throughput time can be reduced 7. According to Littles Law, which of the pursuance ratios is used to find throughput time?a) Cycle time/Process timeb) Throughput time/Process velocityc) Process velocity/Throughput timed) Work-in-Process/Throughput ratee) protect added time/Process velocity8. A firm can participate in the quantity discount illustrated below when purchasing a product. It addresss $20 to place an order each time. The holding cost rate is 20%. The yearly demand for the product is 10,000 units. Lead time for the product is 1 month. step520Cost$12$10$9What is the minimum total cost that this firm can procure and inventory this item while facing a quantity discount?a) 90,468b) 90,853c) 90,894d) carbon,000e) 100,8949. Which of the following determines the capacity of a work rail line? a) the takt timeb) the throughput timec) the theoretical minimum number of work stationsd) the efficiency10. Which of the following types of manufacturing layout is considered a hybrid? a) Process layoutb) carrefour layoutc) Fixed-position layoutd) Cellular layout11. Compute the required cycle time for a process that operates 8 hours dailywith a required output of 300 units per day.a) 0.625 minutesb) 1.6 minutesc) 37.5 minutesd) 0.027 minutes12. Which of the following is NOT a mark of a good layout in manufacturing? a) successive line flow patter (or adaption)b) Predictable production linec) Bottleneck trading operationsd) Work stations close togethere) Open put floors (high visibility)13. Revenue management is not especially useful wherea) Capacity is relatively fixedb) The market can be fairly clearly segmentedc) The service cannot be sold in advanced) The service/product can be stored14. Which is the fix order for process types starting with low volume/high human body and moving to high volume/low variety?a) Batch processes, project processes, contrast stigmatise processes, mass processes, sustained processesb) Project processes, batch processes, mass processes, job shop processes, continuous processesc) Project processes, job shop processes, batch processes, mass processes, continuous processesd) Job shop processes, batch processes, mass processes, continuous processes, project processes15. Which is the correct sequence in order of increasing process flexibility? a) Job shop / batch / project / continuous / productb) Project / job shop/ batch / continuous / productc) Job shop/ batch / project / product / continuousd) Project / job shop/ batch / product / continuouse) Continuous / product / batch / job shop/ project16. Which of these statements is correct?The Economic Order Quantity (EOQ)a) Is a formula that views a realistic p urchase price for an item b)Will depend on how many related parts are required in the same periodc) Is used to calculate how much safety stock should be carried d) Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stocke) Should be calculated once a year17. Under the ABC system of inventory priorities a Class A item is a) The 80% of high-value items that account for about 20% the total stock turnover valueb) The 20% of high-value items that account for around 20% the total stock turnover valuec) The 20% of high-value items that account for around 80% the total stock turnover valued) The 80% of high-value items that account for around 80% the total stock turnover value18. The layout where the equipment, machinery, plant and people move as necessary is known asa) Product layoutb) Fixed-position layoutc) Cell layoutd) Process layout19. A supermarket is usually positioned asa) Cell layoutb) Process layoutc) Fixed-position layoutd) Produc t layout20. A self-service cafeteria is usually positioned asa) Cell layoutb) Product layoutc) Fixed-position layoutd) Process layout21. Which of the following is usually considered a characteristic of a product or line layout?a) This layout can easily handle high volume but low variety b) This layout tends to be very flexiblec) Transforming resources are costly to maintaind) This layout can easily handle high variety but low volume e) Transforming resources move to the work22. A product layouta) Groups transforming resources into dedicated cellsb) Involves locating the transforming resources entirely for the thingamajig of the transformed resourcesc) Is appropriate for low volume operationsd) Allows a wide variety of products to be manufactured on the same equipment e) Moves resources to the place where the operation is to be carried out23. Cell layouts typicallya) Locate transforming resources entirely for the convenience of the transformed resourcesb) Cost more to run than other types of process layoutc) Involve all the operations on a product being located adjacent to each other d) Are dominated by the transforming resourcese) Are the more or less efficient form of process layout24. Which of the following is the least likely decision to be do by Operations Managers?a) Designing and improving the jobs of the workforceb) Selecting the location and layout of a rapidnessc) How much capacity is required to balance demandd) How to use quality techniques to reduce wastee) Deciding which market areas to manufacture products for25. Which of the following would not usually be considered a general characteristic of a service?a) Many services involve both tangible and intangible outputs b) Production and consumption are simultaneousc) Production and consumption can always be spatially separated d) Low contact services can often be made more efficient than high contact servicese) Production and sales cannot easily be separated functionally26. Which of the followin g is not usually considered a characteristic of a fixed position layout?a) Fixed position layouts are often used for large or delicate products or services b) Transforming resources are grouped in cellsc) The recipient of the process or the work being undertaken remain in the same placed) Fixed position layouts are able to offer high flexibility e) Transforming resources often move to the work27. Operations management isa) decision making involving the design, planning, and control of the processes that produce goods and services.b) decision making involving accounting, engineering, marketing, and strategy formulation that affect operations.c) decision making involving operations productivity and the reliability, durability, and manufacturability of products.d) decision making involving analyzing the competitive environment, appraising the organizations skills and resources, and examining the limitations of economics and technology on operations.28. Inputs to the transformation pro cess of operations include a) Labour, capital, management, and material.b) Product design, materials planning, production planning, and product distribution.c) Strategic planning, marketing, engineering, and purchasing d) Steel, plastics, fibres, food crops, or other raw materials. 29. Some characteristics of services that differentiate them from goods (manufactured products) area) intangible, immediate consumption, high customer contactb) inventory, immediate consumption, options availablec) delayed consumption, intangible, customer contactd) immediate consumption, options available, inventory30. The concept of value-added meansa) the customer must add value to a product by paying for it b) machines add value to the production process because of their low cost c) only service operations add value for the customerd) outputs of a process are worth more to customers than the sum of inputs31. Computer-integrated manufacturing (CIM) differs from a flexible manufacturing system (FMS) in thata) CIM usually includes one or more FMSs as components.b) An FMS does not use computers at all.c) CIM is only one component of an FMS.d) CIM is concerned only with data while FMS involves production processes. 32. A guild is planning to produce a product that will compete in a high-volume market that is very price-competitive. What type of process would be most appropriate?a) projectb) job shopc) batchd) continuous33. Which of the following is NOT a characteristic of a product layout? a) standard product.b) high volume production.c) same sequence of operations for each unit.d) each order may require a unique sequence of operations.34. The desired production rate for an company line is 120 units-per hour. What would be the cycle time?a) 30 seconds per unitb) 40 seconds per unitc) 0083 minutes per unitd) 2 minutes per unit35. Which of the following is an advantage of a cellular layout? a) higher volume than an assembly line.b) greater f1exibility than a job shop.c) reduced mate rial handling.d) use of more employees.36. A company has a set of tasks that must be completed to assemble a product. The total time for these tasks is 96 minutes. The cycle time is 3 minutes and the company has found that 40 work stations are required to balance the line. What is the efficiency (or utilization) for this assemblyline?a) 95%b) 90%c) 85%d) 80%37. Which of the following IS NOT a use of inventory?a) Buffer against uncertainlyb) Allow for large variations in productionc) Decouple different processesd) Allow for smooth production38. A retailer stocks a certain product that is sold at the rate of 10,000 units per year. Each replenishment order from the outside supplier costs $50. The price is $40 per unit and inventory carrying cost per year is 10% of unit price, how many units should be order each time to minimize total annual cost?a) 100b) 250c) euchred) 1,00039. Referring to the preceding problem, suppose the supplier requires that orders be placed for 2,000 units at a time. What would be the total annual variable cost of ordering and carrying inventory?a) $ 2,000b) $ 2,500c) $ 4,250d) $ 8,00040. A certain item is subject to quantity discounts as shown below Quantity Price1 4950 999 mebibyte or morePurchased Per Unit$ 2.50$ 2.00$ 1.80If 1,000 units are used per year and it costs $450 to place an order due to high shipping costs, how many should be ordered at a time to minimize variable costs if carrying cost per unit per year is 50% of unit value?a) 1000b) 500c) 100d) 5041. A company has 100 inventory items with total annual dollar usage of $3,000,000. Which of the following is most likely a C store Item based on ABC analysis?a)b)c)d)Part 1078236512877864Annual $ Usage$500,000$250,000$52,000$1,00042. A company manufactures repair parts. These parts are used at the rate of5,000 units per year. It costs $100 every time more are produced. The cost of holding these parts in inventory is 20% of unit price, which is $25 per unit. The parts can be p roduced at the rate of 6,250 per year. How many units should be produced at a time to minimize total annual cost?a) 500b) 1000c) 1500d) 2000