SUBJECTS
|
BROWSE
|
CAREER CENTER
|
POPULAR
|
JOIN
|
LOGIN
Business Skills
|
Soft Skills
|
Basic Literacy
|
Certifications
About
|
Help
|
Privacy
|
Terms
Search
Test your basic knowledge |
Operations Management
Start Test
Study First
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. Is the desired probability of not having a stockout during a lead time period
Inventory-holding/inventory carrying costs
Service level
Static Demand
Independent Demand
2. Is calculated from data that are measured as the degree of conformance to a specification on some continuous scale of measurement
Irregular variation
Regression analysis
Materials requirements planning
Continuous metric
3. Refers to determining the order in which jobs or tasks are processed
Sequencing
Ordering costs/setup costs
Finished goods inventories
Periodi order quantity
4. plans for the same production rate in each time period
Level production strategy
Resource Management
Lot sizing
Trend
5. Model is a classic economic model developed in the early 1900's that minimizes the total cost - which is the sum of the inventory-holding cost and the ordering cost.
Economic order quantity
Tardiness
Work in process inventory
Unit cost
6. The length of time on which a forecast is based
Planning Horizon
Materials requirements planning
Cycle inventory
Level production strategy
7. Is a hierarchical record analogous to a BOM that defines labor inputs necessary to create a good or service
Planning Horizon
Bill of Labor
Tardiness
Planned order release
8. Demand that varies over time
Cyclical patterns
Cycle inventory
Dynamic demand
Work in process inventory
9. An ordering schedule that covers the gross requirements for each week
Time series
Lot-for-lot
Time bucket
Delphi method
10. Rule uses a fixed order size for every order or production run
Scheduling
Fixed order quantity
Fixed period system
Process capability study
11. The time between placement of an order and its receipt
Multiple linear regression model
Lead time
Time bucket
Forecasting
12. One-time variation that is explainable
Irregular variation
Static Demand
Planned order release
Inventory
13. Is a carefully planned study designed to yield specific information about the performance of a process user specified operating conditions
chase demand strategy
Process capability study
Materials requirements planning
Quality control
14. 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
Shortage/stockout costs
Inventory management
Stock-keeping unit
Planning Horizon
15. The order quantity or lot size is fixed that is - the same about - Q - is ordered every time.
Fixed quantity
Inventory
Random variation
Out of control
16. The amount of time a job send in the shop or factory
Flow time
Projected on-hand inventory
Lost sale
Static Demand
17. Is completed products ready for distribution or sale to customers
Master production schedule
Irregular variation
Finished goods inventories
Common cause variation
18. The process of determining the amount of labor and machine resources required to accomplish the tasks of production on a more detailed level - taking into account all component parts and end items in the materials plan.
Tardiness
Capacity requirements planning
Fixed quantity
Planned order release
19. Is defined as the on-hand quantity plus any orders placed but which have not arrived(called scheduled receipts - SR) minus any backorders
Time buckets
Inventory position
Grass roots forecasting
Out of control
20. Is an additional amount that is kept over and above the average amount required to meed demand
Fixed quantity
Cyclical patterns
Safety stock inventory
Lot sizing
21. The united of measure for the time period used in a forecase
Scheduling
Disaggregation
Time bucket
Quality at the source
22. The time period size used in the MRP explosion process and usually are one week in length
Sequencing
Service level
Time buckets
Planned order release
23. When special causes are present - the process is said to be
Time bucket
Seasonal patterns
Dynamic demand
Out of control
24. Demand is directly related to the demand of other SKUs and can be calculated with needing to be forecasted
chase demand strategy
Dependent demand
Special( or assignable) cause variation
Cycle inventory
25. Any item manufactured parts - purchased parts) other than an end item that go into a higher-level parent items
chase demand strategy
Lost sale
Component
Continuous metric
26. Refers to the assignment of start and completion times to particular jobs - people or equipment
Special( or assignable) cause variation
Scheduling
Finished goods inventories
Disaggregation
27. Rd from data that are counted
Independent Demand
Lead time
Fixed quantity
Discrete metric one that is calculate
28. Specifies the planned quantity and time an order is to be released to the factory or a supplier
Forecast erro
End items
Process capability study
Planned order release
29. The difference between the observed value of the time series and the forecast AT-FT*
Forecast erro
Quality control
Final assembly schedule
Lead time
30. Single item or asset stored at a particular location
Fixed order quantity
Independent Demand
Master production schedule
Stock-keeping unit
31. Based on the assumption that the future will be an extrapolation of the past
Out of control
Scheduled or planned receipts
Statistical forecasting
Inventory position
32. A linear regression model with more than one independent variable is
Quality at the source
Multiple linear regression model
Work in process inventory
Scheduled or planned receipts
33. The inability to satisfy the demand for an item
Time series
Makespan
Trend
Stockout
34. The process of projecting the values of one or more variables into the future
Multiple linear regression model
Execution
Work in process inventory
Forecasting
35. Defines the quantify and timing for assembling subassemblies and component parts into a final finished food.
Final assembly schedule
Aggregate planning
Gross requirements
Flow time
36. Is additional planned on-hand inventory that acts as a buffer to reduce the risk of a stockout
Resource Management
Dynamic demand
Bias
Safety stock
37. 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
Quality control
Execution
Disaggregation
Cycle inventory
38. Inputs to manufacturing and service-delivery processes.
Safety stock
Raw materials - component parts - subassemblies - and supplies
Scheduling
Component
39. Refers to moving work from one workstation to another - assigning people to task - setting priorities for jobs - scheduling equipment - and controlling processes
Planned order release
Process capability
Execution
Statistical forecasting
40. Incurred as a result of the work involved in the placing orders with supplies or configuring tools - equipment - and machines within a factory to produce an item
Seasonal patterns
Irregular variation
Independent Demand
Ordering costs/setup costs
41. Arises from external sources that are not inherent in the process - appear sporadically and disrupt the random pattern of common causes
Bias
Forecast erro
chase demand strategy
Special( or assignable) cause variation
42. Always has at least one immediate parent and also has at least one immediate component
Special( or assignable) cause variation
Seasonal patterns
Subassembly
Ordering costs/setup costs
43. The total demand for an item derived from all of its parents
Sequencing
Statistical forecasting
Gross requirements
Multiple linear regression model
44. The value of the inventory position that triggers a new order
Unit cost
Materials requirements planning
Reorder point
Fixed period system
45. Occurs when a customer is willing to wait for the item
Trend
Lost sale
Aggregate planning
Backorder
46. 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
Bias
Seasonal patterns
Time bucket
Quality control
47. Deals with the planning - executing and control of all the resources that are used to produce goods or provide services in a value chain.
Forecast erro
Master production schedule
Resource Management
Bill of Labor
48. The process of using the logic of dependent demand to calculate the quantity of timing of orders of all subasemblies and components that go into and support the production of the end items
Shortage/stockout costs
Process capability study
Inventory management
MRP explosion
49. Occurs when the customer is unwilling to wait and purchase the item elsewhere
Trend
Lateness
Lot-for-lot
Lost sale
50. Costs associated with an SKU being unavaiable when needed to meed demand
Raw materials - component parts - subassemblies - and supplies
Shortage/stockout costs
Subassembly
Process capability study