Which of the following is an engineering document that shows an inclusive listing of all the component
parts and assemblies making up the final product?
A.Master Production Schedule
B.Bill of Materials
C.Distribution Requirement Plan
D.Resource Requirement Plan
Answer Key: B
Question 2 of 10 10.0 Points
Your company is conducting forecasting that revolves around the current recession and expansion of the
U.S. economy. This type of forecasting can be referred to as what component of a time series?
A.Trend Variations
B.Cyclical Variations
C.Cyclical Variations
D.Random Variations
Answer Key: B
Question 3 of 10 10.0 Points
Lead Capacity Strategy is a proactive approach that adds or subtracts capacity in anticipation of future
market conditions and demand.
True
False
Answer Key: True
Question 4 of 10 10.0 Points
An ERP system is generally a multi-module application software for managing an enterprise’s internal
functional activities, as well as its suppliers and customers.
True
False
Answer Key: True
Question 5 of 10 10.0 Points
One of the goals of an effective CPFR system is to minimize the negative impacts of the bullwhip effect
on supply chains.
True
False
Answer Key: True
Question 6 of 10 10.0 Points
The term Cycle Counting is synonymous with physically counting inventory.
True
False
Answer Key: True
Question 7 of 10 10.0 Points
CPFR is more likely to succeed if companies educate their employees on the benefits of the process
changes and the disadvantages of maintaining the status quo.
True
False
Answer Key: True
Question 8 of 10 10.0 Points
A firm should always run its operations at 100 percent capacity to ensure changes affecting demand can
be met.
True
False
Answer Key: False
Question 9 of 10 10.0 Points
Associative forecasting methods are based on opinions and intuition.
True
False
Answer Key: False
Question 10 of 10 10.0 Points
The three basic production strategies for addressing the aggregate planning problem are the chase
production strategy, the level production strategy, and the mixed production strategy.
True
False
