OPS 571 Final Exam Latest Question Answers

1. OPS 571 Final Exam (Newest) OPS 571 Final Exam (Newest) – – Assignment Assignment 1. 1.A major competitive dimension that forms a company's strategic A major competitive dimension that forms a company's strategic operational competitive operational competitive position in their strategic planning is which position in their strategic planning is which of the following? of the following? Cost or price Focus Straddling Automation

2. 2. 2.In setting up a kanban control system you need to determine the In setting up a kanban control system you need to determine the number of kanban card sets needed. If the expected demand during number of kanban card sets needed. If the expected demand during lead time is 25 per lead time is 25 per hour, the safety stock is 20 percent of the demand hour, the safety stock is 20 percent of the demand during lead time, the container size is 5, and the lead time to during lead time, the container size is 5, and the lead time to replenish an order is 5 hours, what the number of kanban card sets replenish an order is 5 hours, what the number of kanban card sets is needed? is needed? 27 20 5 30 3. 3.Which of the following is a multifactor measure of Which of the following is a multifactor measure of productivity? Output/(Labor + Capital + Energy) Output/All resources used Output/(Materials) Output/Inputs 4. 4.Which of the following is an alternative possible service encounter Which of the following is an alternative possible service encounter included in the service included in the service- -system design matrix? system design matrix? Internet Automated teller (ATM) Face-to-face distance Questionnaire response 5. 5.In development of an operations and supply chain strategy, which of In development of an operations and supply chain strategy, which of the following may be an important product the following may be an important product- -specific criteria to consider? consider? Learning curve Supplier after-sale support Production lot size Focus Find the final exam answers here Find the final exam answers here just a productivity? specific criteria to just a click click away away OPS 571 Final OPS 571 Final Exam Exam (Newest) (Newest)

3. 6. 6.Which of the following is one of Dr. Eli Goldratt's rules of production Which of the following is one of Dr. Eli Goldratt's rules of production scheduling for optimized production technology? scheduling for optimized production technology? An hour lost at a bottleneck saves an hour for the entire system Do not allow bottlenecks to govern the flow of the line Utilization and activation of a resource are not the same Balance the capacities, not the flows 7. 7.You have just been assigned to oversee a series of projects. You have just been assigned to oversee a series of projects. Functional areas will loan you personnel for each project, and Functional areas will loan you personnel for each project, and separate project managers will be responsible for separate project managers will be responsible for separate projects. These project managers will report to you. Which project These project managers will report to you. Which project management structure is being used? management structure is being used? Matrix project Pure project Functional project Task force 8. 8.Which of the following is a reason that firms must develop more new Which of the following is a reason that firms must develop more new products than ev products than ever? er? Commitments to joint venture partners Product life cycles are shorter They are replacing old customers with new ones To amortize heavy investments in development labs 9. 9.We would expect to see which of the following in an MRP system's We would expect to see which of the following in an MRP system's inventory status inventory status file? file? End items produced Late/early delivery records Labor efficiency Scrap parts 10. 10. The centroid method for plant location uses which of the following The centroid method for plant location uses which of the following data? data? separate projects.

4. Inbound transportation costs Volume of goods to be shipped between existing points Transport times between facilities Correlation matrix of existing facilities Click here to download Final Exam Answers of OPS 571 Final Exam 11. 11. The Pareto principle is best applied to which of the following The Pareto principle is best applied to which of the following inventory systems? inventory systems? EOQ Fixed-time-period Fixed-order quantity ABC classification 12. 12. A company can produce a small lot of products the A company can produce a small lot of products the first time at a cost of $2,000. If their 85 percent learning curve allows them to cost of $2,000. If their 85 percent learning curve allows them to reduce their costs on each lot, what is the total cost of producing 5 reduce their costs on each lot, what is the total cost of producing 5 lots? lots? $8,062.00 $4,031.00 $9,376.50 $10,000.00 first time at a 13. 13. You are a consultant called in to estimate the costs aft You are a consultant called in to estimate the costs after the employees learn how to do a job more efficiently by repetition of new employees learn how to do a job more efficiently by repetition of new product. You find a company can produce a product the first time at product. You find a company can produce a product the first time at a cost of $5,000. If their 90 percent learning curve allows them to a cost of $5,000. If their 90 percent learning curve allows them to reduce their costs on each unit, what is th reduce their costs on each unit, what is the total cost of producing 100 units of the new product? 100 units of the new product? $290,700 $500,000 $390,000 er the e total cost of producing

5. $250,687 14. 14. A material requirements planning system is an example of which A material requirements planning system is an example of which of the following scheduling systems? of the following scheduling systems? Infinite loading, backward scheduling Finite loading, backward scheduling Infinite loading, forward scheduling Finite loading, forward scheduling 15. 15. Capacity planning that involves hiring, layoffs, some new tooling, Capacity planning that involves hiring, layoffs, some new tooling, minor equipment purchases, and subcontracting is considered as minor equipment purchases, and subcontracting is considered as which one of the following planning horizo which one of the following planning horizons? Long range Current Short range Intermediate range ns? Click here to download the complete course of OPS 571 16. 16. You want to determine the upper control line for a p You want to determine the upper control line for a p- -chart for quality control purposes. You take several samples of a size of 100 quality control purposes. You take several samples of a size of 100 items in your production process. From the samples, you determine items in your production process. From the samples, you determine the the fraction defective is 0.05 and the standard deviation is 0.01. If fraction defective is 0.05 and the standard deviation is 0.01. If the desired confidence level is 99.7 percent, which of the following is the desired confidence level is 99.7 percent, which of the following is the resulting UCL value for the line? the resulting UCL value for the line? 0.39 0.06 0.08 0.05 chart for 17. 17. The objectives of work center scheduling include which of t The objectives of work center scheduling include which of the following? following? he

6. Providing variety to workforce Following all the priority rules Minimizing setup costs Avoiding tradeoffs 18. 18. For which of the following should we use an R For which of the following should we use an R- -chart to monitor process quality? process quality? Deciding whether an airliner has sufficient fuel for its trip Determining whether vehicles from a motor pool will run Weighing trucks at a highway inspection station to determine if they are overloaded Student grades measured from 1 to 100 chart to monitor 19. 19. Which of the following is a major factor that distinguishes service Which of the following is a major factor that distinguishes service design and development from design and development from development? development? The service package has the same legal protection available to manufactured goods. The service process and service product can be developed independently. Manufacturing is far more capital intensive than services. The service package is the major output of the development process. manufacturing manufacturing design design and and 20. 20. Which of the following is a time Which of the following is a time- -to to- -market performance measure used in judging product development performance? used in judging product development performance? Customer loyalty Product reliability Yield Frequency of new-product introductions market performance measure To download Final Exam Questions and Answers just a click away OPS 571 Final Exam Questions and Answers

7. 21. 21. In business forecasting, what is usually considered a medium In business forecasting, what is usually considered a medium- - term time period? term time period? One to six months Three months to two years Six weeks to one year One to five years 22. 22. There are many applications of poka There are many applications of poka- -yokes in service organizations. Which of the following is one of the three organizations. Which of the following is one of the three- -T's used to classify poka classify poka- -yokes? yokes? Task Trust Time Teamwork yokes in service T's used to 23. 23. Assuming no safety stock, what is the reorder point (R) given an Assuming no safety stock, what is the reorder point (R) given an average daily demand of 78 units and a lead time of 3 days? average daily demand of 78 units and a lead time of 3 days? 421 234 26 78 24. 24. Which of the following is a measure of operations and supply Which of the following is a measure of operations and supply management efficiency used by Wall Street? management efficiency used by Wall Street? Earnings per share growth Current ratio Dividend payout ratio Receivable turnover 25. 25. A project starts out as which of the following? A project starts out as which of the following? Critical path method (CPM) A latest-start-time estimate A series of milestones

8. A statement of work Want to download the Complete Assignment..?? Click OPS 571 Complete Assignment 26. 26. The ability to rapidly and inexpensively switch production from The ability to rapidly and inexpensively switch production from one product to another enables what are sometimes referred to as: one product to another enables what are sometimes referred to as: Economies of shape Economies of scope Economies of size Economies of scale 27. 27. According to the theory of constraints, which of the following is a According to the theory of constraints, which of the following is a financial measurement that can be used to measure the firm's ability financial measurement that can be used to measure the firm's ability to make money? to make money? Inventory Sales Net profit Throughput 28. 28. What is a work breakdown st What is a work breakdown structure? A depiction of the activities making up a project A Gantt chart A list of the activities making up the higher levels of the project A definition of the hierarchy of project tasks, subtasks, and work packages ructure? 29. 29. If a firm produced a standard item wit If a firm produced a standard item with relatively stable demand, the smoothing constant alpha (reaction rate to differences) used in the smoothing constant alpha (reaction rate to differences) used in an exponential smoothing forecasting model would tend to be in an exponential smoothing forecasting model would tend to be in which of the following ranges? which of the following ranges? 5 to 10 percent h relatively stable demand,

9. 60 to 120 percent 20 to 80 percent 20 to 50 percent 30. 30. What transportation mode has very high initial investment costs What transportation mode has very high initial investment costs but gives a very low cost per mile for products that are highly but gives a very low cost per mile for products that are highly specialized and require no packaging? specialized and require no packaging? Water Highway Pipeline Rail About About Author: Author: This article covers the topic for the University Of Phoenix This article covers the topic for the University Of Phoenix OPS 571 Final Exam Final Exam (Newest) (Newest). . The author is working in the field of education The author is working in the field of education from last 5 years. This article covers the basic of from last 5 years. This article covers the basic of OPS 571 Complete Assignment from UOP. Other topics in the class are as follows: from UOP. Other topics in the class are as follows: OPS 571 OPS 571 Final Exam Questions and Answers Want to check other classes..?? Visit Want to check other classes..?? Visit http://www.uopehelp.com/ http://www.uopehelp.com/