Download Guided Liberty University BUSI 411 Exam 4 

Download Guided Liberty University BUSI 411 Exam 4

 

  • In the basic EOQ model, if annual demand doubles, the effect on the EOQ is:
  • The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $.80 per six-pack (each case of Stein beer contains four six-packs). Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer. If he were to order 16 cases of Stein beer at a time, what would be the average inventory level?
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the length of an order cycle?
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average inventory level?
  • Ann Chovies, owner of the Perfect Pasta Pizza Parlor, uses 20 pounds of pepperoni each day in preparing pizzas. Order costs for pepperoni are $10.00 per order, and carrying costs are 4 cents per pound per day. Lead time for each order is three days, and the pepperoni itself costs $3.00 per pound. If she were to order 80 pounds of pepperoni at a time, what would be the average total daily costs, including the cost of the pepperoni?
  • In the Toyota Production System, waste and inefficiency are referred to as __________, and the ongoing effort to reduce this is referred to as __________.
  • Which of the following contributes to the competitive advantage enjoyed by service firms using lean concepts?
  • A system of lights used at each workstation to signal problems or slowdowns is:
  • A potential obstacle to conversion to a lean system is:
  • Which of the following would you not expect to see in a lean environment?
  • _________ has/have helped firms to concentrate on their core business.
  • Which of the following is not an application of E-business?
  • Which of the following is an advantage of E-business? (I) reduction of  transaction costs
    (II) shortened supply chain response time
    (III) greater customer loyalty
  • A factor that makes it desirable for business organizations to actively manage their supply chains is:
  • It is especially the case for small businesses that closer interactions and increased agility make __________ relatively more attractive.
  • Scheduled due dates are the result of:
  • A work center can be a:(I) machine.
    (II) group of machines.
    (III) department.
    IV) a part used to produce a product.
  • There are four resources and four jobs to be done. Assume there must be one-to-one matching between jobs and resources. The time required for each resource to do each job is as follows:
  • Scheduling pertains to:
  • Which of the following is critical to effective yield management?
  • Annual ordering cost is inversely related to order size.
  • The service function of purchasing interfaces with many areas, including legal, accounting, and engineering functions.
  • Starting with the final customer and moving backward through the supply chain, batch sizes and the level of safety stock tend to decrease.
  • Priority rules are used in low-volume systems to identify an optimal processing sequence.
  • Sequencing is concerned with the order in which jobs are done, while loading is concerned with assigning jobs to work centers or workstations.

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Download Guided Liberty University BUSI 411 Exam 4  $2.99
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