BUSI 2003 (BUSI2003)

Question 1 Which of the following statement(s) accurately explain supply chains? 2 out of 2 points Selected Answer: Correct Answer: Answer Feedback: all of the above all of the above e is the correct answer. All the above statements accurately explain the concept of supply chain (pp. 5) Four major decision responsibilities of the operations management function include all of the following except: Selected Answer: Correct Answer: Answer Feedback: capabilit...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Que...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Que...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Que...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Que...

1. Question: Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. 2. Question: A small value of a is used when we require a simple exponential smoothing model to be responsive to the recent demand pattern. 3. Question: Five commonly employed forms of structural change of a supply chain include each of the following except: 4. Question: Little's Law in a manufacturing process relates to: 5. Que...

• BUSI 2003 WEEK 2 • Question 1 0 out of 2 points Process selection choices affect all parts of the firm and thus involve all functional areas along with general management. Selected Answer: False Correct Answer: True Answer Feedback: (pp. 79, see last paragraph of section 4.8). • Question 2 0 out of 2 points Make-to-stock (MTS) and make-to-order (MTO) process choices each offer relative advantages and disadvantages. Which of the following statements conce...

• BUSI 2003 MIDTERM EAXAM 100/100 • Question 1 4 out of 4 points A lean system is designed to expose errors and get them corrected at the source. Selected Answer: True Correct Answer: True Answer Feedback: (pp. 142 - this is true as it prevents covering errors with inventory). • Question 2 4 out of 4 points According to the service matrix proposed by Collier and Meyer, ATM services are categorized as: Selected Answer: provider routed services Co...

BUSI 2003 FINAL EXAM – QUESTION AND ANSWERS • Question 1 4 out of 4 points Throughput time, process flow rate, capacity, and average amount of inventory in the system are some of the key metrics of a manufacturing process. Selected Answer: True Correct Answer: True Answer Feedback: (pp. 109, Little law is: I = T X R or average inventory = average throughput rate X average flow rate). • Question 2 4 out of 4 points The concept of mistake-proofing was first ...