$11.$ Work$-$in$-$process inventory describes components that have been purchased but not processed$\mathrm{.}1$ pointTrueFalse$32.$ The correct sequence from longest to smallest duration scheduling is:$2$ pointscapacity planning, aggregate planning, master schedule, short$-$term scheduling.aggregate planning, capacity planning, master schedule, short$-$term scheduling.master schedule, capacity planning, aggregate planning, short$-$term scheduling.master schedule, aggregate planning, capacity planning, short$-$term scheduling.capacity planning, master schedule, aggregate planning, short$-$term scheduling$\mathrm{.}12.$ ABC analysis classifies inventoried items into three groups, usually based on annual units or quantities used$\mathrm{.}1$ pointTrueFalse$28.$ Among the advantages of cycle counting is that it:$2$ pointsmakes the annual physical inventory more acceptable to managementdoes not require the detailed records necessary when annual physical inventory is useddoes not require highly trained people.allows more rapid identification of errors and consequent remedial action than is possible with annual physical inventorydoes not need to be performed for less expensive items$\mathrm{.}25.$ Stakeholders who are affected by the production and marketing of poor quality products include:$2$ pointsstockholders and employeessuppliers and creditorscustomers and distributors.all of thesenone of these$33.$ Forward scheduling is the scheduling of:$2$ pointsthe end items or finished products.jobs as soon as the requirements are known.the start items or component parts.the final operation first beginning with the due date.jobs according to their profit contributions$\mathrm{.}18.$ Gantt charts are useful for scheduling jobs, but not for loading them$\mathrm{.}1$ pointTrueFalse$2.$ Improved quality can increase profitability via allowing flexible pricing.$*1$ pointTrueFalse$31.$ What is the objective of scheduling?$2$ pointsmaximize qualityminimize costminimize response timeprioritize and allocate demand to available facilitiesminimize lead time$9.$ One of the ways that just$-$in$-$time $($or JIT$)$ influences quality is that by reducing inventory, bad quality is exposed$\mathrm{.}1$ pointTrueFalse$19.$ The assignment method provides an optimum, one$-$to$-$one assignment of jobs to resources$\mathrm{.}1$ pointTrueFalse$8.$ Benchmarking requires the comparison of your firm to other organizations; it is not appropriate to benchmark by comparing one of your divisions to another of your divisions$\mathrm{.}1$ pointTrueFalse$36$ a$.$ Identify the four costs of quality. Which one is hardest to evaluate?$6$ points$10.$ The quality loss function indicates that costs related to poor quality are low as long as the product is within acceptable specification limits$\mathrm{.}1$ pointTrueFalse$6.$ Kaizen is similar to TQM in that both are focused on continuous improvement$\mathrm{.}1$ pointTrueFalse$16.$ With forward scheduling, jobs are scheduled as late as possible within the time allowed by the customer due dates$\mathrm{.}1$ pointTrueFalse$13.$ One advantage of cycle counting is that it maintains accurate inventory records$\mathrm{.}1$ pointTrueFalse$29.$ Which category of inventory holding costs has a much higher percentage than average for rapid$-$change industries such as tablets and smart phones?$2$ pointshousing costsmaterial handling costslabor costinvestment costspilferage$,$ scrap, and obsolescence$3.$ "Making it right the first time" is the focus of the user$-$based definition of quality.$*1$ pointTrueFalse$20.$ One of the major limitations of the Gantt load chart is that it doesn't account for production variabilities such as unexpected breakdowns or human errors$\mathrm{.}1$ pointTrueFalse$15.$ The benefits of effective scheduling include lower cost, faster throughput, and dependable delivery$\mathrm{.}1$ pointTrueFalse$4.$ Quality is mostly the business of the quality control staff, not ordinary employees.$*1$ pointTrueFalse$36$ b$.$ Quality has at least three categories of definitions; identify them. Provide a brief explanation of each$\mathrm{.}9$ points$35.$ Which of the following is NOT required to be known in order to schedule process$-$focused facilities?$2$ pointsthe sequence of workwhich workers are assigned to each work centerthe time required for each itemthe capacity of each work centerthe availability of each work center$26.$ Which of the following is a function of inventory?$2$ pointsto decouple various parts of the production processto provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demandto take advantage of quantity discountsto hedge against inflationAll of these are functions of inventory$30.$ What is the primary purpose of the basic economic order quantity model?$2$ pointsto calculate the reorder point, so that replenishments take place at the proper timeto minimize the sum of carrying cost and holding costto maximize the customer service levelto minimize the sum of setup cost and holding costto calculate the optimum safety stock$22.$ Quality can improve profitability by reducing costs. Which of the following is NOT an aspect of reduced costs by quality improvements?$2$ pointsflexible pricingincreased productivitylower rework and scrap costslower warranty costsAll of these are aspects of reduced costs by quality improvements$\mathrm{.}14.$ In the simple EOQ model, if annual demand were to increase, the EOQ would increase proportionately$\mathrm{.}1$ pointTrueFalse$34.$ Techniques that load work without regard for the capacity of the process are:$2$ pointsaggregate planning.backward scheduling.forward scheduling.finite loadinginfinite loading$\mathrm{.}27.$ Which of the following would NOT generally be a motive for a firm to hold inventories?$2$ pointsto decouple various parts of the production processto provide a selection of goods for anticipated customer demand and to separate the firm from fluctuations in that demandto take advantage of quantity discountsto minimize holding coststo hedge against inflation$5.$ Continuous improvement is based on the philosophy that not every aspect of an operation can be improved$\mathrm{.}1$ pointTrueFalse$24.$ Which of the four major categories of quality costs is particularly hard to quantify?$2$ pointsprevention costsappraisal costsinternal failure costsexternal failure costsNone is hard to quantify$7.$ Quality circles empower employees to improve productivity by finding solutions to work$-$related problems in their work area$\mathrm{.}1$ pointTrueFalse$21.$ A successful quality strategy features which of the following elements?$2$ pointsan organizational culture that fosters qualityan understanding of the principles of qualityengaging employees in the necessary activities to implement qualityA and CA$,$ B$,$ and C$1.$ An improvement in quality must necessarily increase costs.$*1$ pointTrueFalse$23.$"Quality lies in the eyes of the beholder" is:$2$ pointsan unrealistic definition of qualitya user$-$based definition of qualitya manufacturing$-$based definition of quality.a product$-$based definition of quality.the definition of quality proposed by the American Society for Quality$17.$ The constant work$-$in$-$process $($ConWIP$)$ card aids input$-$output control by limiting the amount of work in a work center$\mathrm{.}1$ pointTrueFalse