Question 1 (1 point)

Long range planning sessions typically cover a span of 1-3 years and can be as long as 10 years

	True
	False

Question 2 (1 point)

Operations managers, supervisors, foremen, etc are responsible for Long Range planning.

	True
	False

Question 3 (1 point)

A disadvantage of Simple Moving Average is that it fails to identify trends or seasonal effects that may result in shortages when demand increases.

:

	True
	False

Question 4 (1 point)

A Purchase Order is the buyer's offer to the supplier to acquire goods or services. Becomes a legally binding contract only when accepted by the supplier

	True
	False

Question 5 (1 point)

In a Request for Quotation, the purchaser does not have sufficient information to write a detailed request.

	True
	False

Question 6 (1 point)

Independent demand items are items that are directly related to other items of finished products. These items are calculated and NOT forecasted.

	True
	False

Question 7 (1 point)

MRO supplies include items were all the manufacturing is completed including the final testing. These items are available for immediate sale to consumers.

7:

	True
	False

Question 8 (1 point)

Capacity Planning enables supply transfers between warehouses rather than having to purchase additional inventory.

:

	True
	False

Question 9 (1 point)

Effective inventory management can result in decreased costs and/or increased sales but sometimes, companies may choose to focus on one or the other using either the Efficient Capabilities Model or the Responsive Capabilities Model.

Que:

	True
	False

Question 10 (1 point)

Variable costs do not change depending on the quantity of units produced. They only change based on the payment schedule and payment terms.

10:

	True
	False