Mid term question paper questions

Mid term question paper questions

3rd Grade

9 Qs

quiz-placeholder

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Mid term question paper questions

Mid term question paper questions

Assessment

Quiz

Fun

3rd Grade

Medium

Created by

hulio Abner

Used 13+ times

FREE Resource

9 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Cycle inventory is:

The one built up in anticipation of predictable increase in demand uncertainties of the year

 Amount needed to satisfy demand for the product in periods between purchases of product

The one that has to be built given the lack manufacturing flexibility

Amount created to cover for maintenance cycles, specially on a peak season

2.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of these are 3 INTERNAL factors that affect MPS (Master Production schedule) :

 BOM ́s

Historical data of supplier service level

Plant Capacity

Competitor activity

 Company or Management Policies

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In SCM information is primarily used for the purpose of:

Sales Forecast And Demand Predictability

Coordinating daily activities, production and materials forecasting and planning 

Production Planning,quality assurance and sales

Reduce sales variability so that inventory could also be reduced. 

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Key participants in the Supply Chain

Manufacturing,Buyers,Warehouses Salesforce

Purchases, Quality, Finance and Suppliers

Carriers,Logistics,MarketingandManufacturing

 Producers, Distributors, Customers, Suppliers or Service Providers

5.

MULTIPLE SELECT QUESTION

45 sec • 1 pt

Which of the following are activities within the Procurement function (4)

 Conduct product scheduling

Contract Management

 Purchasing,

Contract Negotiation

Vendor Selection

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Production Scheduling is a constant balancing act between

Average level of inventories, high responsiveness and short lead times

Vendor selection, economic lot size, and economic order quantity

High utilization rates, Low level of inventories and high level of customer service 

Cycle Inventory, Reduce demand uncertainty and set the right level of safety stock

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If you choose to have a very responsive business. Which will be the impact on inventory?

High levels of inventory during seasonality peaks

Low levels of inventory

Optimized levels

High levels of inventory for a wide range of products

8.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When in a negotiation you have to make a concession or give up something between the unit price of a product and all the other value added services that are required; it is also named:

Win-win negotiation

 Performance target concession 

Trade-offs

 Win-lose negotiation

9.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Your are running a business with your partner and you are negotiating with him the possibility to invest in a new market. Your partner does not want to make this investment and is not moving his position a bit. What would you do?

  • Try to identify his/her needs more than understanding his/her position

  •   Agree not to do the investment. The relationship with your partner is more important thant exploring new businesses

  • Make no concession. It would make you look weak

  • Make small irrelevant concessions to try to move him/her from his/her position