Question 1

"Projected available balance" is a term referring to unsold finished goods inventory.

Accepted Answer

A) True 
 B)False

Question 2

Which of the following is not a production activity report generated by MRP?

Accepted Answer

A) Exception report 
B) Planning report 
C) Performance control report 
D) Planned-order schedules 
E) Bill of materials report 
A) Exception report 
B) Planning report 
C) Performance control report 
D) Planned-order schedules 
E) Bill of materials report

Question 3

Which of the following is the planned-order release using an MRP program if the gross requirement is 670 and the inventory on hand is 600?

Accepted Answer

A) 670 
B) 600 
C) 530 
D) 70 
E) None of these 
A) 670 
B) 600 
C) 530 
D) 70 
E) None of these

Question 4

The master production schedule states the number of items to be produced during specific time periods.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following industry types have high expected benefits from the application of MRP?

Accepted Answer

A) Fabricate-to-stock 
B) Fabricate-to-order 
C) Assemble-to-stock 
D) Continuous process 
E) Service and repair parts 
A) Fabricate-to-stock 
B) Fabricate-to-order 
C) Assemble-to-stock 
D) Continuous process 
E) Service and repair parts

Question 6

MRP stands for Material Requirements Planning.

Accepted Answer

A) True 
 B)False

Question 7

The economic order quantity (EOQ)lot sizing technique produces or acquires exactly the amount of product that is needed each time period with none carried over into future periods.

Accepted Answer

A) True 
 B)False

Question 8

product tree can do which of the following?

Accepted Answer

A) Help to compute component usage 
B) Reduce product scrap 
C) Reduce labor overtime 
D) Reduce regular time labor 
E) Locate raw material supplies 
A) Help to compute component usage 
B) Reduce product scrap 
C) Reduce labor overtime 
D) Reduce regular time labor 
E) Locate raw material supplies

Question 9

The acronym ERP stands for:

Accepted Answer

A) Executive Reliability Profile-A Human Resources program that identifies fast-track middle managers 
B) Erratic Response Parameter-A quality metric indicating that a process is in or out of statistical control 
C) Enterprise Resource Planning-A data base of that ties together all application programs in a firm. 
D) Emergency Response Plan-A document required by government indicating planned responses to emergency situations 
E) Elevated Reply Protocol-A list of executives authorized to deal with difficult customer concerns 
A) Executive Reliability Profile-A Human Resources program that identifies fast-track middle managers 
B) Erratic Response Parameter-A quality metric indicating that a process is in or out of statistical control 
C) Enterprise Resource Planning-A data base of that ties together all application programs in a firm. 
D) Emergency Response Plan-A document required by government indicating planned responses to emergency situations 
E) Elevated Reply Protocol-A list of executives authorized to deal with difficult customer concerns

Question 10

lot-for-lot (LKL)lot sizing technique does not take into account setup costs or capacity limitations.

Accepted Answer

A) True 
 B)False

Question 11

Which of the following files allows us to retrace a material requirement upward in the product structure through each level,identifying each parent item that created the demand?

Accepted Answer

A) Planning bill of materials file 
B) Modular bill of materials file 
C) Super bill of materials file 
D) Exception report file 
E) Peg record file 
A) Planning bill of materials file 
B) Modular bill of materials file 
C) Super bill of materials file 
D) Exception report file 
E) Peg record file

Question 12

MRP is based on dependent demand.

Accepted Answer

A) True 
 B)False

Question 13

The lot-for-lot (L4L)lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

Accepted Answer

A) True 
 B)False

Question 14

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost,carrying cost and cost of stock-outs.

Accepted Answer

A) True 
 B)False

Question 15

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

Accepted Answer

A) 350 
B) 247 
C) 23 
D) 185 
E) 78 
A) 350 
B) 247 
C) 23 
D) 185 
E) 78

Question 16

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

Accepted Answer

A) True 
 B)False

Question 17

Which of the following is considered a primary report in an MRP system?

Accepted Answer

A) Planning reports 
B) Performance reports 
C) Exception reports 
D) Planned order schedules 
E) Cycle counting reports 
A) Planning reports 
B) Performance reports 
C) Exception reports 
D) Planned order schedules 
E) Cycle counting reports

Question 18

Which of the following is considered a secondary report in an MRP system?

Accepted Answer

A) Planned order schedule 
B) Exceptions reports 
C) Inventory record 
D) Firm orders from known customers 
E) Engineering change reports 
A) Planned order schedule 
B) Exceptions reports 
C) Inventory record 
D) Firm orders from known customers 
E) Engineering change reports

Question 19

Which of the following is considered a primary report in an MRP system?

Accepted Answer

A) Planned order schedule 
B) Peg report 
C) Planning report 
D) Inventory accuracy report 
E) Aggregate production plan report 
A) Planned order schedule 
B) Peg report 
C) Planning report 
D) Inventory accuracy report 
E) Aggregate production plan report

Question 20

Under the lot-for-lot (L4L)lot sizing technique as used in MRP,we would expect which of the following?

Accepted Answer

A) A consistent lag of supply behind demand 
B) Minimized carrying costs 
C) Minimized set-up costs 
D) A just in time management philosophy 
E) Minimized quality problems 
A) A consistent lag of supply behind demand 
B) Minimized carrying costs 
C) Minimized set-up costs 
D) A just in time management philosophy 
E) Minimized quality problems

"Projected available balance" is a term referring to unsold finished goods inventory.

Which of the following is not a production activity report generated by MRP?

Which of the following is the planned-order release using an MRP program if the gross requirement is 670 and the inventory on hand is 600?

The master production schedule states the number of items to be produced during specific time periods.

Which of the following industry types have high expected benefits from the application of MRP?

MRP stands for Material Requirements Planning.

The economic order quantity (EOQ)lot sizing technique produces or acquires exactly the amount of product that is needed each time period with none carried over into future periods.

product tree can do which of the following?

The acronym ERP stands for:

lot-for-lot (LKL)lot sizing technique does not take into account setup costs or capacity limitations.

Which of the following files allows us to retrace a material requirement upward in the product structure through each level,identifying each parent item that created the demand?

MRP is based on dependent demand.

The lot-for-lot (L4L)lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost,carrying cost and cost of stock-outs.

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

Which of the following is considered a primary report in an MRP system?

Which of the following is considered a secondary report in an MRP system?

Which of the following is considered a primary report in an MRP system?

Under the lot-for-lot (L4L)lot sizing technique as used in MRP,we would expect which of the following?

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters

Exam 9: Material Requirements Planning

"Projected available balance" is a term referring to unsold finished goods inventory.

Which of the following is not a production activity report generated by MRP?

Which of the following is the planned-order release using an MRP program if the gross requirement is 670 and the inventory on hand is 600?

The master production schedule states the number of items to be produced during specific time periods.

Which of the following industry types have high expected benefits from the application of MRP?

MRP stands for Material Requirements Planning.

The economic order quantity (EOQ)lot sizing technique produces or acquires exactly the amount of product that is needed each time period with none carried over into future periods.

product tree can do which of the following?

The acronym ERP stands for:

lot-for-lot (LKL)lot sizing technique does not take into account setup costs or capacity limitations.

Which of the following files allows us to retrace a material requirement upward in the product structure through each level,identifying each parent item that created the demand?

MRP is based on dependent demand.

The lot-for-lot (L4L)lot sizing technique minimizes carrying cost by taking into account setup costs and capacity limitations.

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost,carrying cost and cost of stock-outs.

If annual demand is 6,125 units,annual holding cost is $5 per unit,and setup cost per order is $50,which of the following is the EOQ lot size?

The economic order quantity (EOQ)lot sizing technique uses the "square root formula" to balance setup cost and carrying cost.

Which of the following is considered a primary report in an MRP system?

Which of the following is considered a secondary report in an MRP system?

Which of the following is considered a primary report in an MRP system?

Under the lot-for-lot (L4L)lot sizing technique as used in MRP,we would expect which of the following?

Operations and Supply Chain Management

Strategy and Sustainability

Forecasting

Strategic Capacity Management

PART-A: Learning Curves

Projects Manufacturing and Service Processes

Manufacturing Processes

PART-A: Break-Even Analysis

Service Processes

Sales and Operations Planning

Quality Management and Six-Sigma Supply Chain Processes and Analytics

Inventory Management

Lean Supply Chains

Global Sourcing and Procurement

Location, Logistics and Distribution

Filters