Business Operations Management Quiz

11 Questions | By Kilikika | Last updated: Mar 21, 2022 | Total Attempts: 1009

Questions

Settings

Create your own Quiz

Business Operations Management Quiz - Quiz

In the business setting, the operations part of business forms the largest portion of all the work around management. Business Operations Management Quiz below will help you understand the fundamentals of operations well.

Questions and Answers

1.

How does the size of the smoothing factor (a) in exponential smoothing affect the forecast? what are advantages and disadvantages of choosing small or large (a) values? Explain:
2.

Briefly discuss the requirements and benefits of MRP:
3.

What's aggregate planning? What is its purpose?
4.

The mrp input listing the assemblies, sub assemblies, parts, and raw materials needed to produce one unit of finished product is the:
- A.
  
  Master production schedule
- B.
  
  Bill of materials
- C.
  
  Inventory methods
- D.
  
  Assembly time chart
- E.
  
  Net requirements chart
5.

Which of the following is not an input to the aggregate planning process?
- A.
  
  Resources
- B.
  
  Demand forecast
- C.
  
  Policies on work force changes
- D.
  
  Master production schedules
- E.
  
  Cost information
6.

Which of the following is not a step in the forecasting process?
- A.
  
  Determine the purpose and level of detail required
- B.
  
  Eliminate all assumptions
- C.
  
  Establish a time horizon
- D.
  
  Select a forecasting model
- E.
  
  Monitor the forecast
7.

Aggregate planning requires which of the following information?
- A.
  
  Forecast of expected demand
- B.
  
  Current levels of inventory
- C.
  
  Policies regarding employment levels
- D.
  
  All of the above
8.

The main input for master scheduling (i.e. mps) is:
- A.
  
  Long term forecasting
- B.
  
  Aggregate production (capacity) plan (i.e. aggregate planning)
- C.
  
  Material requirements planning (mrp)
- D.
  
  None of the above
9.

Which term is most likely associated with the term disaggregation
- A.
  
  Subcontracting
- B.
  
  Master schedule or master production schedule (mps)
- C.
  
  Varying inventory levels
- D.
  
  Firing and laying off
10.

The basic goal of aggregate planners is to balance:
- A.
  
  Demand and inventories
- B.
  
  Capacity and inventories
- C.
  
  Capacity and backlogs
- D.
  
  Capacity and demand during the planning period
11.

One option for altering the pattern of demand is:
- A.
  
  Backorders
- B.
  
  Overtime
- C.
  
  Part time workers
- D.
  
  Subcontracting