Reference no: EM132736233

1. Forecasts

A) become more accurate with longer time horizons. B) are rarely perfect. C) are more accurate for individual items than for groups of items. D) are more accurate for new products than for existing products. E) are impossible to make

2. An operations manager's ethical responsibilities

A) are limited to the production phase of product life cycle. B) are limited to following published laws and regulations. C) extend from design, to production, to final destruction/disposition of a product. D) do not include being efficient with the firm's resources. E) need not consider a product design's impact on the entire economy.

3. Which of the following statements regarding Amazon.com is false?

A) The company was opened by Jeff Bezos in 1995. B) The company was founded as, and still is, a "virtual retailer" with no inventory. C) The company is now a world-class leader in warehouse management and automation. D) The company uses both United Parcel Service and the U.S. Postal Service as shippers. E) Amazon obtains its competitive advantage through inventory management

4. Which of the following is not an element of inventory holding costs?

A) housing costs B) material handling costs C) investment costs D) pilferage, scrap, and obsolescence E) advertising costs

5. The assumptions of the production order quantity model are met in a situation where annual demand is 3650 units, setup cost is $50, holding cost is $12 per unit per year, the daily demand rate is 10 and the daily production rate is 100. The production order quantity for this problem is approximately

A) 139. B) 174. C) 184. D) 365. E) 548.