Exam (elaborations)
BUSI 411 Exam 4 (Version 1), Verified And Correct Answers
- Course
- Institution
BUSI 411 Exam 4 (Version 1), Verified And Correct Answers
[Show more]
Seller
Follow
HIGHSCORE
Reviews received
Content preview
BUSI 411 Exam 4Question 1
The Operations Manager for Shadyside Savings & Loan orders cash from her
home office for her very popular "BIG BUCKS" automated teller machine, which
only dispenses $100 bills. She estimates that this machine dispenses an average of
12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its
value annually. She knows that each order for these bills costs $300 for clerical
and armored car delivery costs, and that order lead time is six days. Assuming a
30-day month, if she were to order 6,000 bills at a time, what would be the
average monthly total costs, EXCLUDING the value of the bills?
Selected Answer: $3,125
Question 2
The materials manager for a billiard ball maker must periodically place orders for
resin, one of the raw materials used in producing billiard balls. She knows that
manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04
per day to carry a kilogram of resin in inventory. She also knows that the order
costs for resin are $100 per order, and that the lead time for delivery is four days.
What is the economic order quantity for resin?
Selected Answer: 500 kilograms
Question 3
Which of the following is least likely to be included in order costs?
Selected Answer: temporary storage of delivered goods
, Question 4
A cycle count program will usually require that A items be counted:
Selected Answer: more often than annually.
Question 5
The Operations Manager for Shadyside Savings & Loan orders cash from her
home office for her very popular "BIG BUCKS" automated teller machine, which
only dispenses $100 bills. She estimates that this machine dispenses an average of
12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its
value annually. She knows that each order for these bills costs $300 for clerical
and armored car delivery costs, and that order lead time is six days. Assuming a
30-day month, what is the economic order quantity?
Selected Answer: 3,000 bills
Question 6
A lean-systems method of asking questions about a process is the __________
approach.
Selected Answer: 5W2H
Question 7
When lean is used in the context of services, which of the following is most often
the focus?
Selected Answer: the time needed to perform a service
Question 8
Although lean systems tend to produce standardized product lines, to provide
production variety without accompanying waste, lean producers often use
__________ in __________.
Selected Answer: standardized parts; modular designs
Question 9
Which of the following is not something commonly found in lean systems?
(I) Waste reduction
(II) Output match to a detailed forecast
(III) Visual controls
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller HIGHSCORE. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73918 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now