Test your basic knowledge |

Operations Management

Subject : business-skills
Instructions:
  • Answer 50 questions in 15 minutes.
  • If you are not ready to take this test, you can study here.
  • Match each statement with the correct term.
  • Don't refresh. All questions and answers are randomly picked and ordered every time you load a test.

This is a study tool. The 3 wrong answers for each question are randomly chosen from answers to other questions. So, you might find at times the answers obvious, but you will see it re-enforces your understanding as you take the test each time.
1. Consists of partially finished products in various stages of completion that are waiting further processing






2. Occurs when a customer is willing to wait for the item






3. Demand that is directly related to the demand of other SKU's and can be calculated without needing to the forecasted






4. Sets the production rate equal to the demand in each time period






5. Consists of forecasting by expert opinion by gathering judgments and opinions of key personnel based on their experience and knowledge of the situation.






6. Refers to determining the order in which jobs or tasks are processed






7. The difference between the observed value of the time series and the forecast AT-FT*






8. When special causes are present - the process is said to be






9. The development of a long-term output and recourse plan in aggregate unites of measure






10. Rule uses a fixed order size for every order or production run






11. Forecast is an average of the most recent "k" observations in a time series






12. Is the expected amount of inventory on-hand at the beginning of the time period considering on-hand inventory from the previous period plus scheduled receipts or planned order receipts minis the gross requirements






13. Inventory that results from purchasing or producing in larger lists than are needed for immediate consumption or sale






14. The length of time on which a forecast is based






15. Always has at least one immediate parent and also has at least one immediate component






16. Set of observations measured at successive points in time or over successive periods of time






17. The tendency of forecasts to consistently be larger or smaller than the actual values of the time series






18. The value of the inventory position that triggers a new order






19. Demand for an SKU that is unrelated to the demand for other SKU and needs to be forecasted






20. The result of complex interactions of variations in materials - tools - machines - information - workers - and the environment.






21. Is a hierarchical record analogous to a BOM that defines labor inputs necessary to create a good or service






22. Is the price paid for purchased goods or the internal cost of producing them






23. The underlying pattern of grown or decline in a time series






24. The difference between the completion time and the due date






25. Orders a quantity equal to the gross requirement quantity in one or more predetermined time periods minus the projected on-hand quantity of the previous time period.






26. Inputs to manufacturing and service-delivery processes.






27. Sometimes called a periodic review system is one in with the inventory position is checked only at fixed intervals of time - T - rather than on a continuous basis.






28. An ordering schedule that covers the gross requirements for each week






29. The time between placement of an order and its receipt






30. Any item manufactured parts - purchased parts) other than an end item that go into a higher-level parent items






31. Costs associated with an SKU being unavaiable when needed to meed demand






32. The process of determining the appropriate amount of timing of ordering to reduce costs






33. The amount of time a job send in the shop or factory






34. Is methodology for monitoring quality of manufacturing and service delivery processes to help identify and eliminate unwanted causes of variation






35. Is asking those who are close to the end consumer - such as salespeople - about the customers purchasing plans






36. Stable demand






37. Statement of how many finished items are to be produced and when they are to be produced






38. The current time period






39. Is completed products ready for distribution or sale to customers






40. Involves planning - coordinating - and controlling the acquisition - storage - handling - movement - distribution - and possible sale of raw materials - component parts and subassemblies - supplies and tools - replacement parts - and other






41. To ensure that a good or service conforms to specifications and meets customer requirements by monitoring and measuring processes and making any necessary adjustments to maintain a specified level of performance






42. The time period size used in the MRP explosion process and usually are one week in length






43. Is the process of translating aggregate plans into short-term operational plants that provide the basis for weekly and daily schedules and detailed resource requirements






44. Is the time needed to process a given set of jobs






45. The expenses associated with carrying inventory






46. Are characterized by repeatable periods of ups and downs over short periods of time






47. No special causes affect the output of a process - we say that the process is






48. The united of measure for the time period used in a forecase






49. Means the people responsible for the work control the quality of their processes by identifying and correcting any defects or error when they first are recognized or occur






50. Any asset held for future use or sale







Sorry!:) No result found.

Can you answer 50 questions in 15 minutes?


Let me suggest you:

Browse all subjects

Browse all tests

Most popular tests



Major Subjects

Tests & Exams


AP
CLEP
DSST
GRE
SAT
GMAT

Browse all subjects

Browse all tests

Most popular tests