APICS.docx

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APICS

QuestionNumber:

1

BusinessWideConcepts

Inordertomaximizeprofit,acompanymusthaveallofthefollowingobjectivesexcept:

A)Bestcustomerservice

B)Mostaccurateproductionforecast

C)Lowestinventoryinvestment

D)Lowestdistributioncost

Thecorrectansweris:

B

QuestionNumber:

2

BusinessWideConcepts

Theinventoryturnsratiomeasures:

A)theamountofinventoryneededtosupportsalesgrowth.

B)obsoleteinventoryasapercentofsales.

C)howeffectivelyinventoryisbeingused.

D)theamountofspaceneededtostoreinventory.

Thecorrectansweris:

C

QuestionNumber:

4

BusinessWideConcepts

Inwhichofthefollowingmanufacturingenvironmentswouldconsumerproducts,suchasfilm,food,etc.beclassified?

A)Assemble-to-order

B)Engineer-to-order

C)Make-to-order

D)Make-to-stock

Thecorrectansweris:

D

 

QuestionNumber:

5

BusinessWideConcepts

Manydifferentenditemsaremadefromasmallnumberofcomponents.Whatmanufacturingenvironmentwouldthisbe?

A)Make-to-stock

B)Make-to-order

C)Assemble-to-order

D)Engineer-to-order

Thecorrectansweris:

B

 

QuestionNumber:

6

BusinessWideConcepts

Aggregateinventorymanagementisconcernedwith:

A)managinginventoryitemsandhowtheyareused.

B)establishingtheproductionplan.

C)thecostandbenefitsofcarryingthedifferentclassesofinventory.

D)thedistributionnetworkandthemovementofinventory.

Thecorrectansweris:

C

QuestionNumber:

7

BusinessWideConcepts

Whichofthefollowingareobjectivesofinventory?

I.Maximizecustomerservice

II.Efficienttransaction

III.Lowcostplantoperations

IV.Minimuminventoryinvestment

A)I,II,andIII

B)I,III,andIV

C)I,II,andIV

D)II,III,andIV

Thecorrectansweris:

B

QuestionNumber:

8

BusinessWideConcepts

Whichofthefollowingwouldbeincludedinthecostofcarryinginventory?

I.Heatingandlightingawarehouse

II.Obsoleteinventory

III.Labortomovematerial

IV.Damagedinventory

A)I,II,andIII

B)II,III,andIV

C)I,III,andIV

D)I,II,III,andIV

Thecorrectansweris:

D

QuestionNumber:

10

BusinessWideConcepts

TheJust-in-Timephilosophycanbebestdefinedas:

A)Deliveringgoodsjustbeforetheyareneeded

B)Fulfillingcustomerordersjustastheyareneeded

C)Manufacturingwithoutinventory

D)Eliminationofwaste

Thecorrectansweris:

D

QuestionNumber:

14

BusinessWideConcepts

Theannualcostofgoodssoldforacompanyis$40millionandtheaverageinventoryis$10million.Byhowmuchwouldtheinventoryneedtobereducedtohaveannualinventoryturnsequal20turns?

A)$2million

B)$4million

C)$6million

D)$8million

Thecorrectansweris:

D

QuestionNumber:

16

BusinessWideConcepts

Eveninanintermittentmanufacturingshop,certainJITprinciplescanbeapplied.Whichofthefollowingprinciplescanbeusedinanintermittentmanufacturingshop?

I.Employeeinvolvement

II.Totalpreventivemaintenance

III.Inventoryreduction

IV.Continuousflowlines

A)IandIII

B)IIandIV

C)I,II,andIII

D)I,II,III,andIV

Thecorrectansweris:

C

QuestionNumber:

18

BusinessWideConcepts

Whichofthefollowingstatementswouldbetrueregardingthedeliverytimeinanengineertoordercompany?

A)Deliverytimeisshorterthanamake-to-ordercompany.

B)Itwouldbethesameasamake-to-stockitem.

C)Itwouldbelongerthananassemble-to-ordercompany.

D)Itwouldbeshorterthananassemble-to-ordercompany.

Thecorrectansweris:

C

 

QuestionNumber:

19

BusinessWideConcepts

Anincomestatementofacompanywillshowwhichofthefollowing?

A)Inventorylevels

B)Longtermdebt

C)Costofproductssold

D)Netcashavailable

Thecorrectansweris:

C

 

QuestionNumber:

21

BusinessWideConcepts

Asupervisor'sprimaryroleinatotalemployeeinvolvementcompanyis:

A)controlling.

B)cheerleading.

C)coaching.

D)qualitycontrol.

Thecorrectansweris:

C

QuestionNumber:

22

BusinessWideConcepts

Conformancecanbebestdescribedas:

A)makingthehighestqualityproducts.

B)meetingthespecifiedrequirements.

C)workingtogetherasateam.

D)flowingproductthroughcells.

Thecorrectansweris:

B

QuestionNumber:

23

BusinessWideConcepts

Whichofthefollowingbestdefinesthetermbreakevenpoint?

A)Thepointatwhichaproductfails

B)Currentassets=currentliabilities

C)Requiredcapacity=availablecapacity

D)Revenues=totalcosts

Thecorrectansweris:

D

 

QuestionNumber:

24

BusinessWideConcepts

InaJITmanufacturingenvironment,wastecanbedescribedas:

A)componentscrap.

B)overtime.

C)anyprocesswhichdoesnotaddvalue.

D)anyoverheadprocess.

Thecorrectansweris:

C

QuestionNumber:

25

BusinessWideConcepts

Whichofthefollowingmanufacturedproducttypesarebestsuitedforflowmanufacturing?

A)Widerangeofdisparateproducts

B)Limitedrangeofsimilarproducts

C)Lowvolumeofsimilarproducts

D)Highvolumeofdisparateproducts

Thecorrectansweris:

B

 

QuestionNumber:

26

BusinessWideConcepts

Thekeycomponenttoquickchangeoversis:

A)dramaticallyreducedsetuptimes.

B)availabilityofmaterialstorunwhenthechangeoveriscomplete.

C)expensivemachineswhichchangeoverautomatically.

D)largeenoughlotsizessochangeoversarenotcritical.

Thecorrectansweris:

A

 

QuestionNumber:

28

BusinessWideConcepts

ThekeydriverinaTotalQualityManagement(TQM)companyshouldbe:

A)lowercosts.

B)trainingemployees.

C)problemsolvingtools.

D)customerneeds.

Thecorrectansweris:

D

QuestionNumber:

29

BusinessWideConcepts

Qualitycanbestbedefinedas:

A)jobone.

B)meetingorexceedingtheusers'expectations.

C)thebestproductproduced.

D)zerodefects.

Thecorrectansweris:

B

QuestionNumber:

30

BusinessWideConcepts

Inaflowmanufacturingenvironment,productwillgenerallyflowconsistentlyandconstantly.Asaresult,thereislittletimetodoinventorytransactionstorecordthemovementofpartsthroughtheline.Toovercomethis,manycompaniesrecordtheirinventorybyusing:

A)preflushing.

B)Kanban.

C)cyclecounts.

D)backflushing.

Thecorrectansweris:

D

QuestionNumber:

31

BusinessWideConcepts

Demandonaworkcenteriscausedbythenextworkcenter.Productisnotmadeunlesssignaledbythenextworkcenter.Thisiscalled:

A)pushsystem.

B)pullsystem.

C)demandsystem.

D)MRPIIsystem.

Thecorrectansweris:

B

QuestionNumber:

32

BusinessWideConcepts

Foracompany,quicksetupandchangeoverprovideacompetitiveadvantage.Whichofthefollowingareadvantagescreatedbyquickchangeovers?

I.Reducedmanufacturingleadtime

II.Improvedquality

III.Improvedmaintenance

IV.Reducedwork-in-process

A)I,II,andIII

B)I,II,andIV

C)II,III,andIV

D)I,II,III,andIV

Thecorrectansweris:

B

QuestionNumber:

33

BusinessWideConcepts

Theconceptoflinearitycanbebestdescribedas:

A)balancingtheworkateachworkstation.

B)capacityavailableforthelinetowork.

C)schedulingjobswithsimilarsetuptimes.

D)achievingtheplan;nomore,noless.

Thecorrectansweris:

D

QuestionNumber:

35

BusinessWideConcepts

Whendoesafirst-articleinspectionoccur?

A)Afterthesetupiscomplete

B)Whentheorderisreleased

C)Afterthemachineismaintained

D)Aftertraininghasoccurred

Thecorrectansweris:

A

 

QuestionNumber:

36

BusinessWideConcepts

Whichofthefollowingbestdefinesthetermquality?

A)Passing98%ofthetesting

B)Conformancetorequirements

C)Bestintheindustry

D)CompletingISOdocumentation

Thecorrectansweris:

B

QuestionNumber:

39

BusinessWideConcepts

Generallyspeaking,purchasingcanhavethegreatestimpactonthenetincomeofacompanythananyotherdepartment.Thisisduetothefactthat:

A)manufacturingreliesonpurchasingtoidentifyqualitysuppliers.

B)buyersworkveryhardatsourcing.

C)supplierswanttoreducetheirpricestogoodcustomers.

D)materialsusuallyrepresentthelargestcostinacompany.

Thecorrectansweris:

D

QuestionNumber:

41

BusinessWideConcepts

Thepracticeofgivingnon-managerialemployeesresponsibilityanddecisionmakingauthorityintheirdailyworkisbestdefinedasemployee:

A)productivity.

B)empowerment.

C)involvement.

D)management.

Thecorrectansweris:

B

QuestionNumber:

42

BusinessWideConcepts

Acompanyisplanningtoaddnewdistributionchannels,innewgeographicregions,andnewproductstosupportthisinitiative.Thisinformationwouldmostlikelybefoundinthecompany's:

A)strategicplan.

B)financialplan.

C)productionplan.

D)supplychainplan.

Thecorrectansweris:

A

 

QuestionNumber:

45

BusinessWideConcepts

Averyimportantaspectofleanmanufacturingisaprocesscalled5S.5Scanbebestdescribedaswhichofthefollowing?

A)Asimplelinedesignprocess

B)Anorganizationandcleanupprocess

C)Asetupreductionprocess

D)Akanbancalculationprocess

Thecorrectansweris:

B

 

QuestionNumber:

46

BusinessWideConcepts

"Askwhy5times"isaterrifictoolusedincontinuousimprovementprojects.Itisbestusedfor:

A)identifyingqualitydefects.

B)identifyingvalueaddedoperations.

C)identifyingwastedactivities.

D)identifyingrootcauses.

Thecorrectansweris:

D

 

QuestionNumber:

47

BusinessWideConcepts

Acompanyisoperatingasaleanmanufacturer.Whichofthefollowingfunctionsarestill,mostlikely,neededfromtheirERPsystem?

A)Forecastingandmaterialplanning

B)Inventoryissuestoaworkorder

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