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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. The amount of time by which the completion time exceeds the due date






2. Defines the quantify and timing for assembling subassemblies and component parts into a final finished food.






3. Specifies the planned quantity and time an order is to be released to the factory or a supplier






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






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






6. Sometimes called noise - is the unexplained deviation of a time series from a predictable pattern - such as a trend - seasonal - or cyclical pattern.






7. The inability to satisfy the demand for an item






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






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






10. 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






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






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






13. Refers to the natural variation in a process that results from common causes






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






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






16. The order quantity or lot size is fixed that is - the same about - Q - is ordered every time.






17. Refers to the assignment of start and completion times to particular jobs - people or equipment






18. Is a method for building a statistical model that defines a relationship between a single dependent variable and one or more independent variables - all of which are numerical






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






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






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






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






23. Demand is directly related to the demand of other SKUs and can be calculated with needing to be forecasted






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






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






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






27. plans for the same production rate in each time period






28. 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






29. Relies upon opinions and expertise of people in developing forecasts






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






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






32. 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






33. Is a carefully planned study designed to yield specific information about the performance of a process user specified operating conditions






34. 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.






35. One-time variation that is explainable






36. Single item or asset stored at a particular location






37. Is a forecasting technique that uses a weighted average of past time-series values to forecast the value of the time series in the next period






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






39. Orders that are due or planned to be delivered






40. The current time period






41. Stable demand






42. Refers to moving work from one workstation to another - assigning people to task - setting priorities for jobs - scheduling equipment - and controlling processes






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






44. Is calculated from data that are measured as the degree of conformance to a specification on some continuous scale of measurement






45. Finished goods scheduled from one or more components






46. The relationship between the natural variation specifics is often quantified by a measure






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






48. Inputs to manufacturing and service-delivery processes.






49. The expenses associated with carrying inventory






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






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