Choose the Correct ISDS Introduction to Marketing Flashcards

Can you choose the correct ISDS introduction to marketing? If you are interested in this topic, these flashcards can help. Marketing is a societal means by which individuals and groups accomplish what they need and want through creating, presenting, and freely exchanging products and services of value with others. Read and study these flashcards if you're going to become acquainted with marketing.

45 cards   |   Total Attempts: 184
  

Cards In This Set

Front Back
Demand for a given item is said to be dependent if
a. the item has several children
b. there is a deep bill of materials
c. the finished products are mostly services (rather than goods)
d. there is a clearly identifiable parent
D
Dependent demand and independent demand items differ in that
a. for any product, all components are dependent-demand items
b. the need for independent-demand items is forecasted
c. the need for dependent-demand items is calculated
d. all of the above are true
D
A master production schedule specifies
a. the financial resources required for production
b. what component is to be made, and when
c. what product is to be made, and when
d. the labor hours required for production
C
The ______ is(are) the MRP input detailing which end items are to be produced, when they are
needed, and in what quantities.
a. master production schedule
b. gross requirements
c. inventory records
d. assembly time chart
A
A master production schedule contains information about
a. quantities and required delivery dates of all sub-assemblies
b. quantities and required delivery dates of final products
c. inventory on hand for each sub-assembly
d. inventory on hand for each final product
B
In continuous (make-to-stock) operations, the master production schedule is usually expressed in
terms of
a. end-items
b. modules
c. kits
d. customer orders
A
In job shop (make-to-order) operations, the master production schedule is usually expressed in
terms of
a. end-items
b. modules
c. kits
d. customer orders
D
The following table is an example of a(n)
Week 1 Week 2 Week 3 Week 4 Week 5
Clothes Washer 200 100
Clothes Dryer 300 100 100 100
Upright Freezer 200 500
a. aggregate plan
b. load report
c. master production schedule
d. inventory record
C
The ______ is the input to Materials Requirements Planning which lists the assemblies,
subassemblies, parts and raw materials needed to produce one unit of finished product.
a. bill of materials
b. net requirements chart
c. inventory records
d. assembly time chart
A
A bill of materials lists the
a. times needed to perform all phases of production
b. production schedules for all products
c. components, ingredients, and materials required to produce an item
d. operations required to produce an item
C
One way to facilitate production scheduling and production in firms making a large number of
different final products is to use
a. planning bills
b. modular bills
c. phantom bills
d. overdue bills
B
The bill of materials contains information necessary to
a. convert (explode) net requirements at one level into gross requirements at the next level
b. calculate quantities on hand and on order
c. convert gross requirements into net requirements
d. place an order to replenish the item
A
Which of the following statements best compares modular bills and phantom bills?
a. Both pertain to assemblies that are not inventoried.
b. There is no difference between the two.
c. Both pertain to assemblies that are inventoried.
d. Modular bills represent subassemblies that actually exist and are inventoried, while phantom
bills represent subassemblies that exist only temporarily and are not inventoried
D
Given the following bill-of-materials:
If the demand for product A is 50 units, what will be the gross requirement for component E?
a. 300
b. 100
c. 200
d. 250
A
15. The minimum record accuracy required for successful MRP is approximately
a. lower than 90%
b. 90%
c. 95%
d. 99%
D