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Question 1

The reorder point in a continuous review system is ________.

Answer

the sum of the safety stock level

and the average demand during lead time

the safety stock level

the sum of the economic order

quantity and average demand during lead time

the sum of the safety stock level

and the economic order quantity

Question 2

Which of the following is a characteristic of competitive

clustering?

Answer

an organization groups several

outlets near each other

several organizations are located

closely together

there is a risk of cannibalization

of sales

outlets are sometimes located near

to market generators

Question 3

The Anderson Palmer Hospital would like to reduce the cost

of its inventory by calculating the optimal order size for hypodermic needles.

On average, the hospital uses 200 needles per month. The purchasing staff has

calculated that the EOQ for needles is 160 needles. If they proceed to purchase

in EOQ quantities, how many orders per year will be placed?

Answer

About 15 orders per year

About 18 orders per year

About 20 orders per year

About 30 orders per year

Question 4

A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is a ________

Answer

single point

line segment between two points

rectangle formed by four points

none of the above

Question 5

The Anderson Palmer Hospital would like to reduce the cost

of its inventory by calculating the optimal order size for hypodermic needles.

On average, the hospital uses 80 needles per month, the cost of placing an

order is $14, and holding cost is estimated to be $1.20 per needle per year.

Using the EOQ formula, the optimal order size is ______

Answer

About 40 needles

About 60 needles

About 130 needles

About 150 needles

Question 6

A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is on the map

________

Answer

at coordinates x=1, y=3

at coordinates x=2, y=2

at coordinates x=3, y=2

anywhere between (x=2, y=2) and

(x=3, y=2)

Question 7

The local distributor for Macho Heavy Beer is reconsidering

its inventory policy now that only kegs will be sold. The sales forecast for

next year is 1,200 kegs. The cost to store a keg of Macho in a refrigerated

warehouse is approximately $4 per year. Placing an order with the factory costs

about $5. Recommend an EOQ for Macho Heavy Beer.

Answer

About 45 kegs

About 55 kegs

About 65 kegs

About 75 kegs

Question 8

Which of the following distance metrics would provide the

most accurate travel time for auto travel in Broward County

Answer

Euclidian metric

Metropolitan metric

Network arc

Longitudinal arc

Question 9

In a single location, single service business, all of the

following are typical success factors EXCEPT ________

Answer

building a preferred position

among local customers

allowing for capacity expansion on

site

developing standardized processes

with sophisticated control systems

adding peripheral services

Question 10

Which of the following is true in relation to following EOQ

graph?

Answer

Curve J represents the annual

ordering cost, and curve K represents the annual holding cost.

Curve K represents the annual

ordering cost, and curve J represents the annual holding cost.

Curve J represents the total

annual cost, and curve K represents the annual ordering cost.

Curve L represents the annual

ordering cost, and curve K represents the annual holding cost.

Question 11

All of the following are common conflicts between

franchisers and franchisees EXCEPT ________.

Answer

when franchisee facilities should

be upgraded

how far a franchiser should go in

saturating a single market area with outlets

which employees should be promoted

to management

how fees should be established and

profits distributed

Question 12

A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is on the map

________

Answer

at coordinates x=2, y=4

at coordinates x=2, y=2

anywhere between (x=2, y=2) and

(x=2, y=3)

anywhere between (x=2, y=2) and

(x=2, y=4)

Question 13

A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is a ________

Answer

single point

line segment between two points

rectangle formed by four points

none of the above

Question 14

If a cereal manufacturer were to sell its globally-branded

cereals that were developed in its home country, but customize the formula and

supply chain for each country in which it operates, the manufacturer’s

international operations strategy would be best described as __________.

Answer

multiplex

global

multidomestic

transnational

Question 15

The local distributor for Macho Heavy Beer is reconsidering

its inventory policy now that only kegs will be sold. The sales forecast for

next year is 1200 kegs. The cost to store a keg of Macho in a refrigerated

warehouse is approximately $4 per year. Placing an order with the factory costs

about $6. If orders are placed in pallets of 50 kegs, the brewery is willing to

give the local distributor a discount on the wholesale price of each keg. Macho

beer must determine the exact discount amount before deciding whether or not to

take the discount.

Answer

True

False

Question 1 The reorder point in a continuous review system is ________.Answer the sum of the safety stock level

and the average demand during lead timethe safety stock levelthe sum of the economic order

quantity and average demand during lead timethe sum of the safety stock level

and the economic order quantityQuestion 2 Which of the following is a characteristic of competitive

clustering?Answer an organization groups several

outlets near each otherseveral organizations are located

closely togetherthere is a risk of cannibalization

of salesoutlets are sometimes located near

to market generatorsQuestion 3 The Anderson Palmer Hospital would like to reduce the cost

of its inventory by calculating the optimal order size for hypodermic needles.

On average, the hospital uses 200 needles per month. The purchasing staff has

calculated that the EOQ for needles is 160 needles. If they proceed to purchase

in EOQ quantities, how many orders per year will be placed?Answer About 15 orders per yearAbout 18 orders per yearAbout 20 orders per yearAbout 30 orders per yearQuestion 4 A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is a ________Answer single pointline segment between two pointsrectangle formed by four pointsnone of the aboveQuestion 5 The Anderson Palmer Hospital would like to reduce the cost

of its inventory by calculating the optimal order size for hypodermic needles.

On average, the hospital uses 80 needles per month, the cost of placing an

order is $14, and holding cost is estimated to be $1.20 per needle per year.

Using the EOQ formula, the optimal order size is ______Answer About 40 needlesAbout 60 needlesAbout 130 needlesAbout 150 needlesQuestion 6 A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is on the map

________Answer at coordinates x=1, y=3at coordinates x=2, y=2at coordinates x=3, y=2anywhere between (x=2, y=2) and

(x=3, y=2)Question 7 The local distributor for Macho Heavy Beer is reconsidering

its inventory policy now that only kegs will be sold. The sales forecast for

next year is 1,200 kegs. The cost to store a keg of Macho in a refrigerated

warehouse is approximately $4 per year. Placing an order with the factory costs

about $5. Recommend an EOQ for Macho Heavy Beer.Answer About 45 kegsAbout 55 kegsAbout 65 kegsAbout 75 kegsQuestion 8 Which of the following distance metrics would provide the

most accurate travel time for auto travel in Broward CountyAnswer Euclidian metricMetropolitan metricNetwork arcLongitudinal arcQuestion 9 In a single location, single service business, all of the

following are typical success factors EXCEPT ________Answer building a preferred position

among local customersallowing for capacity expansion on

sitedeveloping standardized processes

with sophisticated control systemsadding peripheral servicesQuestion 10 Which of the following is true in relation to following EOQ

graph?Answer Curve J represents the annual

ordering cost, and curve K represents the annual holding cost.Curve K represents the annual

ordering cost, and curve J represents the annual holding cost.Curve J represents the total

annual cost, and curve K represents the annual ordering cost.Curve L represents the annual

ordering cost, and curve K represents the annual holding cost.Question 11 All of the following are common conflicts between

franchisers and franchisees EXCEPT ________.Answer when franchisee facilities should

be upgradedhow far a franchiser should go in

saturating a single market area with outletswhich employees should be promoted

to managementhow fees should be established and

profits distributedQuestion 12 A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is on the map

________Answer at coordinates x=2, y=4at coordinates x=2, y=2anywhere between (x=2, y=2) and

(x=2, y=3)anywhere between (x=2, y=2) and

(x=2, y=4)Question 13 A textbook retailer wants to locate a facility which is most

convenient to their student customers. Five universities have been identified

and located on a grid map as shown on the table below. Enrollment at each

university is represented by the value inside each circle on the map. Using a

cross-median method, the optimal location for the retailer is a ________Answer single pointline segment between two pointsrectangle formed by four pointsnone of the aboveQuestion 14 If a cereal manufacturer were to sell its globally-branded

cereals that were developed in its home country, but customize the formula and

supply chain for each country in which it operates, the manufacturer’s

international operations strategy would be best described as __________.Answer multiplexglobalmultidomestictransnationalQuestion 15 The local distributor for Macho Heavy Beer is reconsidering

its inventory policy now that only kegs will be sold. The sales forecast for

next year is 1200 kegs. The cost to store a keg of Macho in a refrigerated

warehouse is approximately $4 per year. Placing an order with the factory costs

about $6. If orders are placed in pallets of 50 kegs, the brewery is willing to

give the local distributor a discount on the wholesale price of each keg. Macho

beer must determine the exact discount amount before deciding whether or not to

take the discount.Answer True

False

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