BUSI101_Final Exam_T2_24_Group 1

What does the contemporary definition of "operations" encompass?

• Only manufacturing processes

• All activities involved in creating goods and services for customers

• Only scientific management techniques

• Only decentralized production methods

What is the primary focus of long-range production planning?

• Predicting future demand over the next two to five years

• Managing daily operations

• Reducing current production costs

• Hiring new employees

How long is the future demand predicted in long-range production planning?

• One year

• Two to five years

• Six months

• Ten years

What does capacity planning involve?

• Determining the quantity of goods a firm can produce under normal conditions

• Determining the quality of goods a firm can produce under normal conditions

• Determining the price of goods a firm can produce under normal conditions

• Determining the location of goods a firm can produce under normal conditions

In low-contact processes, how should capacity be planned?

• Capacity can match average demand

• Capacity must accommodate peak demand

• Capacity should slightly exceed normal demand

• Capacity should be less than normal demand

In high-contact processes, how should capacity be planned?

• Capacity must accommodate peak demand

• Capacity can match average demand

• Capacity should slightly exceed normal demand

• Capacity should be less than normal demand

What does the Master Production Schedule (MPS) outline?

• What will be produced, when, and with what resources over the coming months.

• The financial budget for the production.

• The marketing strategy for the products.

• The quality control measures for the production.

What do short-term schedules provide?

• Monthly and yearly specifics.

• Weekly and daily specifics.

• Long-term project timelines.

• Financial forecasts.

What is required for special projects like plant renovations or relocations?

• Loose coordination and flexible timing

• Close coordination and precise timing

• No coordination and random timing

• Minimal coordination and approximate timing

Which tool is used to diagram steps and time required for each in a project?

• PERT Charts

• Flowcharts

• Gantt Charts

• Bar Graphs