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BUSI 411 Exam 4 (Version 2), Verified And Correct Answers
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BUSI 411 Exam 4 (Version 2), Verified And Correct Answers
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BUSI 411 Exam 4 Question 1
3 out of 3 points
In a single-period model, if shortage and excess costs are equal, then the optimum
service level is:
Selected .50.
Answer:
Response correct
Feedback:
MC Qu. 94 In a single-period model, if shortage and excess...
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Apply
Difficulty: 2 Medium
Learning Objective: 13-13 Describe situations in which the single-period
model is appropriate and solve typical problems.
Topic: The Single-Period Model
Question 2
3 out of 3 points
If average demand for an inventory item is 200 units per day, lead time is three days, and
safety stock is 100 units, the reorder point is:
Selected 700 units.
Answer:
Response correct
Feedback:
MC Qu. 87 If average demand for an inventory item is...
AACSB: Analytical Thinking
Accessibility: Keyboard Navigation
Blooms: Apply
Difficulty: 1 Easy
Learning Objective: 13-11 Describe reorder point models and solve
typical problems.
Topic: Reorder Point Ordering
Question 3
0 out of 3 points
A nonlinear cost related to order size is the cost of:
, Selected taxes.
Answer:
Response incorrect
Feedback:
MC Qu. 61 A nonlinear cost related to order size is the...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Understand
Difficulty: 3 Hard
Learning Objective: 13-08 Describe the basic EOQ model and its
assumptions and solve typical problems.
Topic: How Much to Order: Economic Order Quantity Models
Question 4
3 out of 3 points
Which of the following is not true for the economic production quantity model?
Selected There are no ordering or setup
Answer:
costs.
Response correct
Feedback:
MC Qu. 80 Which of the following is not true for the...
AACSB: Reflective Thinking
Accessibility: Keyboard Navigation
Blooms: Remember
Difficulty: 2 Medium
Learning Objective: 13-09 Describe the economic production quantity
model and solve typical problems.
Topic: How Much to Order: Economic Order Quantity Models
Question 5
3 out of 3 points
In the single-period model, if excess cost is double the shortage cost, the approximate
stockout risk, assuming an optimum service level, is ___ percent.
Selected 67
Answer:
Response correct
Feedback:
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