A material requirements plan contains information with regard to all of the following except:
A. quantities and required delivery dates of all subassemblies.
B. quantities and required delivery dates of final products.
C. the capacity needed to provide the projected output rate.
D. inventory on hand for each final product.
E. inventory on hand for each subassembly.
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The Correct Answer for the given question is Option C. the capacity needed to provide the projected output rate.
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Compared to tangible resources, intangible resources are
A. of less strategic value to the firm.
B. less likely to be the focus of strategic analysis.
C. a superior source of capabilities.
D. more likely to be reflected on the firm’s balance sheet.
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The Correct Answer for the given question is Option C. a superior source of capabilities.
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Most people from western cultures tend to ______ when conveying bad news or negative feedback.
A. lean forward
B. smile
C. yawn
D. avoid eye contact
E. nod their heads
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The Correct Answer for the given question is Option D. avoid eye contact
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Mrp ii is accurately described as
A. MRP software designed for services.
B. MRP with a new set of computer programs that execute on microcomputers.
C. material resource planning.
D. an enhancement of MRP that plans for all levels of the supply chain.
E. a new generation of MRP software that extends MRP to planning and scheduling functions.
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The Correct Answer for the given question is Option C. material resource planning.
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Research shows that followers seek and admire leaders who create feelings of
A. anticipation.
B. individualism.
C. clarity.
D. significance.
E. freedom.
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The Correct Answer for the given question is Option D. significance.
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One fundamental difference between a process chart and a flowchart is that:
A. the process chart adds a time dimension to the horizontal axis, while a flowchart is not time-oriented.
B. the process chart includes the supply chain, while the flowchart stays within an organization.
C. the process chart is more like a table, while the flowchart is more like a schematic diagram.
D. the process chart focuses on the customer and on the provider’s interaction with the customer, while the flowchart does not deal directly with the customer.
E. None of these is true, because a process chart and a flowchart are the same thing.
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The Correct Answer for the given question is Option C. the process chart is more like a table, while the flowchart is more like a schematic diagram.
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Which of the following is a good suggestion for managers when conducting interviews?
A. Ask about the candidate’s family to show personal interest.
B. The resume should be used for selection of interview candidates only; ignore it thereafter.
C. Do more than half of the talking to make sure you are sharing enough about the company and its culture.
D. Ask questions spontaneously to get the most straightforward answers from the candidate.
E. After the interview write a short report with a quantitative score of the candidate’s qualifications.
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The Correct Answer for the given question is Option E. After the interview write a short report with a quantitative score of the candidate’s qualifications.
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A “think local, act local” multidomestic type of strategy
A. is very risky, given fluctuating exchange rates and the propensity of foreign governments to impose tariffs on imported goods.
B. is usually defeated by a “think global, act global” type of strategy.
C. becomes more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and market conditions.
D. is generally an inferior strategy when one or more foreign competitors are pursuing a global low-cost strategy.
E. can defeat a global strategy if the “think local, act local” multicountry strategist concentrates its efforts exclusively in those foreign markets which have superior resources.
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The Correct Answer for the given question is Option C. becomes more appealing the bigger the country-to-country differences in buyer tastes, cultural traditions, and market conditions.
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Which of the following statements regarding the production order quantity model is true?
A. It applies only to items produced in the firm’s own production departments.
B. It relaxes the assumption that all the order quantity is received at one time.
C. It relaxes the assumption that the demand rate is constant.
D. It minimizes the total production costs.
E. It minimizes inventory.
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The Correct Answer for the given question is Option B. It relaxes the assumption that all the order quantity is received at one time.
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The term maquiladora is most synonymous with
A. free trade zones in Mexico.
B. Chinese forced labor camps.
C. home-based or cottage industry.
D. areas that do not meet U.S. standards for workplace safety and pollution.
E. tax breaks provided by some South American countries to other South American countries.
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The Correct Answer for the given question is Option A. free trade zones in Mexico.
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The service sector has lower productivity improvements than the manufacturing sector because
A. the service sector uses less skilled labor than manufacturing.
B. the quality of output is lower in services than manufacturing.
C. services usually are labor-intensive.
D. service sector productivity is hard to measure.
E. the service sector is often easy to mechanize and automate
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The Correct Answer for the given question is Option C. services usually are labor-intensive.
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Who is credited with coining the phrase, “inventory is evil”?
A. Poka Yoke
B. Pat “Keiretsu” Morita
C. Kanban Polka
D. Shigeo Shingo
E. Taiichi Ohno
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The Correct Answer for the given question is Option D. Shigeo Shingo
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Which of the following should be higher in p systems than q systems?
A. lead time
B. demand
C. order size
D. order spacing
E. safety stock
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The Correct Answer for the given question is Option E. safety stock
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Which of the following is not a key direct benefit from effective internal or external scheduling?
A. lower cost
B. greater use of assets
C. more dependable delivery
D. higher quality
E. added flexibility
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The Correct Answer for the given question is Option D. higher quality
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Which of the following environmental factors has not contributed to microsoft’s changing strategy?
A. Google
B. security issues
C. faster processors
D. the Internet
E. global warming
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The Correct Answer for the given question is Option E. global warming
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Which of the following does not represent a valid reason for globalizing operations?
A. reduce costs
B. improve the supply chain
C. reduce responsiveness
D. attract and retain global talent
E. understand markets
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The Correct Answer for the given question is Option C. reduce responsiveness
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Which of the following is not a goal of jit partnerships?
A. removal of unnecessary activities
B. removal of in-plant inventory
C. removal of in-transit inventory
D. obtain improved quality and reliability
E. All of the above are goals of JIT partnerships.
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The Correct Answer for the given question is Option E. All of the above are goals of JIT partnerships.
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A formal written set of ethical standards guiding an organization’s actions is a(n) ____.
A. code of ethics
B. word of ethics
C. ethical dilemma
D. None of the above
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The Correct Answer for the given question is Option A. code of ethics
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Satisficing is the tendency of ____.
A. people to view events as being more predictable than they really are
B. decision makers to be influenced by the way a situation or problem is presented to them
C. a group to settle on a decision that is “good enough”
D. people to see events based on what has happened in the past
E. group members to agree for the sake of unanimity and thus avoid accurately assessing the decision situation
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The Correct Answer for the given question is Option C. a group to settle on a decision that is “good enough”
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Which one of the following accurately describes the three parts of the dupont identity?
A. Operating efficiency, equity multiplier, and profitability ratio.
B. Financial leverage, operating efficiency, and profitability ratio.
C. Equity multiplier, profit margin, and total asset turnover.
D. Debt-equity ratio, capital intensity ratio, and profit margin.
E. Return on assets, profit margin, and equity multiplier.
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The Correct Answer for the given question is Option C. Equity multiplier, profit margin, and total asset turnover.
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Which of the following scenarios best illustrates horizontal integration?
A. Regal Autos Inc. enters into a licensing contract with a distributor in a new international market.
B. Regal Autos Inc. acquires a component parts manufacturer who previously supplied to Regal Autos’ competitor.
C. Regal Autos Inc. sets up its own distribution channel and retail stores.
D. Regal Autos Inc. joins with Marcus Motors Inc., one of its direct competitors.
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The Correct Answer for the given question is Option D. Regal Autos Inc. joins with Marcus Motors Inc., one of its direct competitors.
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Dependent demand and independent demand items differ in that
A. for any product, all components are dependent-demand items.
B. the need for independent-demand items is forecast.
C. the need for dependent-demand items is calculated.
D. All of the above are true.
E. None of the above is true.
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The Correct Answer for the given question is Option D. All of the above are true.
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A defensive strategy is also known as a(n) _____.
A. retrenchment strategy
B. fixed plan
C. aggressive approach
D. growth strategy
E. stability strategy
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The Correct Answer for the given question is Option A. retrenchment strategy
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Companies can improve the triple bottom line with sustainability by minimizing what four things?
A. raw material, energy, water, and waste
B. raw material, transport, manufacture, and disposal
C. people, planet, profit, and pollution
D. pollution, carbon footprint, profit, and people
E. lawsuits, advertisements, coupons, and layoffs
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The Correct Answer for the given question is Option A. raw material, energy, water, and waste
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Which of the following is not one of the strategies for improving service productivity?
A. self-service
B. automation
C. scheduling
D. separation
E. mass customization
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The Correct Answer for the given question is Option E. mass customization
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The crossover point is that production quantity where:
A. variable costs of one process equal the variable costs of another process.
B. fixed costs of a process are equal to its variable costs.
C. total costs equal total revenues for a process.
D. total costs for one process equal total costs for another process.
E. the process no longer loses money.
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The Correct Answer for the given question is Option D. total costs for one process equal total costs for another process.
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One fundamental difference between a process chart and a flowchart is that:
A. the process chart adds a time dimension to the horizontal axis, while a flowchart is not time-oriented.
B. the process chart includes the supply chain, while the flowchart stays within an organization.
C. the process chart is more like a table, while the flowchart is more like a schematic diagram.
D. the process chart focuses on the customer and on the provider’s interaction with the customer, while the flowchart does not deal directly with the customer.
E. None of these is true, because a process chart and a flowchart are the same thing.
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The Correct Answer for the given question is Option C. the process chart is more like a table, while the flowchart is more like a schematic diagram.
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The term maquiladora is most synonymous with:
A. free trade zones in Mexico.
B. Chinese forced labor camps.
C. home-based or cottage industry.
D. areas that do not meet U.S. standards for workplace safety and pollution.
E. tax breaks provided by some South American countries to other South American countries.
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The Correct Answer for the given question is Option A. free trade zones in Mexico
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Manufacturing cycle time is best defined as the:
A. length of the work shift, expressed in minutes per day.
B. time it takes a unit to move from one workstation to the next.
C. time between the start of one unit and the start of the next unit.
D. sum of all the task times to make one unit of a product.
E. time from raw materials receipt to finished product exit.
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The Correct Answer for the given question is Option E. time from raw materials receipt to finished product exit.
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Which of the following is not a key benefit of mrp?
A. increased quality
B. better response to customer orders
C. faster response to market changes
D. improved utilization of facilities and labor
E. reduced inventory levels
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The Correct Answer for the given question is Option A. increased quality
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A material requirements plan contains information with regard to all of the following except
A. quantities and required delivery dates of all subassemblies.
B. quantities and required delivery dates of final products.
C. the capacity needed to provide the projected output rate.
D. inventory on hand for each final product.
E. inventory on hand for each subassembly.
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The Correct Answer for the given question is Option C. the capacity needed to provide the projected output rate.
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Which of the following is not a strategy for improving service productivity?
A. Automation
B. Self-service
C. Scheduling
D. Mass Customization
E. Separation
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The Correct Answer for the given question is Option D. Mass Customization
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Which of the following industries is most likely to have low equipment utilization?
A. auto manufacturing
B. commercial baking
C. television manufacturing
D. steel manufacturing
E. restaurants
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The Correct Answer for the given question is Option E. restaurants
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A successful quality strategy features which of the following elements
A. an organizational culture that fosters quality
B. an understanding of the principles of quality
C. engaging employees in the necessary activities to implement quality
D. a and c
E. a, b, and c
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The Correct Answer for the given question is Option E. a, b, and c
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The correct sequence from longest to smallest duration scheduling is
A. capacity planning, aggregate planning, master schedule, short-term scheduling.
B. aggregate planning, capacity planning, master schedule, short-term scheduling.
C. master schedule, capacity planning, aggregate planning, short-term scheduling.
D. master schedule, aggregate planning, capacity planning, short-term scheduling.
E. capacity planning, master schedule, aggregate planning, short-term scheduling.
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The Correct Answer for the given question is Option A. capacity planning, aggregate planning, master schedule, short-term scheduling.
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A good description of source inspection is inspecting:
A. materials upon delivery by the supplier.
B. the goods at the production facility before they reach the customer.
C. the design specifications.
D. goods at the supplier’s plant.
E. one’s own work.
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The Correct Answer for the given question is Option E. one’s own work.
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Which of the following phrases best describes process focus
A. low volume, high variety
B. Finished goods are usually made to a forecast and stored.
C. Operators are less broadly skilled.
D. high fixed costs, low variable costs
E. low inventory
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The Correct Answer for the given question is Option A. low volume, high variety
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Which of the following attributes is most typical of a service?
A. production and consumption occur simultaneously
B. tangible
C. mass production
D. consistency
E. easy to automate
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The Correct Answer for the given question is Option A. production and consumption occur simultaneously
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A material requirements plan contains information with regard to all of the following except:
A. quantities and required delivery dates of all subassemblies.
B. quantities and required delivery dates of final products.
C. the capacity needed to provide the projected output rate.
D. inventory on hand for each final product.
E. inventory on hand for each subassembly.
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The Correct Answer for the given question is Option C. the capacity needed to provide the projected output rate.
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What mechanism is used to provide a systematic assessment of an organization’s triple bottom line?
A. sustainability program
B. code of ethics
C. diversity program
D. financial audit
E. social audit
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The Correct Answer for the given question is Option E. social audit
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Management Quiz Part 2 – Multiple Choice Questions (MCQs) | Management Notes
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