MDIST_lec_2

MDIST_lec_2

Professional Development

25 Qs

quiz-placeholder

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MDIST_lec_2

MDIST_lec_2

Assessment

Quiz

Other

Professional Development

Practice Problem

Hard

Created by

Micheal Johnson

Used 1+ times

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25 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is demand in global business?

Predictable

Unpredictable

Crucial

All of the above

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a demand profile used to determine?

Market trends

Resource needs

Customer demographics

Revenue potential

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In a 'Make-To-Order' policy, what resource type is acquired only on receipt of a customer order?

Transformed resources

Transforming resources

Both

Neither

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main purpose of a 'Resource-To-Order' system?

Increase stock levels

Activate resources upon order receipt

Decrease production time

Forecast demand accurately

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does the P ratio compare in an operations planning context?

Production cost and demand cost

Time for production and demand fulfillment

Resources and time

Demand and supply

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How can inventory protect a business?

By decreasing costs

By allowing faster production

By guarding against stock-outs

By increasing demand

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a function of inventory?

Smooth production

Decouple operations

Increase revenue

Protect against stock-outs

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