GSCM 530 DeVry Week 2 Quiz Latest

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GSCM 530 DeVry Week 2 Quiz Latest


GSCM 530 DeVry Week 2 Quiz Latest


GSCM 530 DeVry Week 2 Quiz Latest

  • Strategic-level planning
  • Tactical planning
  • Detailed operational planning
  • Long-term planning

Question 2. 2. (TCO 2) Each month the sales and operations team at Johnson Company meets to develop plans for each of the next 6 months. This process is known as (Points : 5)

  • collaborative planning and forecasting.
  • rolling planning horizons.
  • unconstrained planning.
  • continuous planning.

Question 3. 3. (TCO 2) If a company strongly prefers that its aggregate output plan be closer to a level plan than a chase plan, this implies that it is concerned about minimizing (Points : 5)

  • inventory carrying costs.
  • hiring and layoff costs.
  • the cost of subcontracting.
  • Both A and C
  • Both B and C

Question 4. 4. (TCO 2) Zanda Corp. and Jones Corp. are identical in every way (products produced, costs, demand, etc.) except for one. Zanda uses a level production plan while Jones prefers a chase production plan. Which of the following is most likely to be true? (Points : 5)

  • Jones will have higher investment in plant and equipment.
  • Jones will have higher hiring and firing costs.
  • Jones will have lower inventory carrying costs.
  • All of the above

Question 5. 5. (TCO 2) Jones Corporation is preparing an aggregate production plan for washers for the next four quarters. The company’s expected quarterly demand is given in the following chart. The company will have 1,000 washers in inventory at the beginning of the year and wishes to maintain at least that number at the end of each quarter. The following are other critical data.

Production cost per unit = $250

Inventory carrying cost per quarter per unit = $10 (based on quarter-ending inventory)

Hiring cost per worker = $1,000

Firing cost per worker = $2,000

Beginning number of workers = 10

Each worker can produce 100 units per quarter.

Any worker on the staff at the end of the year will not be fired at that time.

Given these data, what is the inventory carrying cost of a level plan? (Points : 5)

  • $100,000
  • $700,000
  • $70,000
  • $7,000

Question 6. 6. (TCO 2) You are sitting next to a person in business class on a flight from Los Angeles to Sydney, Australia. You mention to that person that you got your ticket 2 months ago for only $12,500. The person responds that she bought her ticket 2 days ago for $7,800. This sometimes happens because airlines often use an approach called (Points : 5)

  • capacity management.
  • yield management.
  • load management.
  • workforce leveling.