Question 1

Which of the following prioritization rules will have the greatest impact In reducing the number of orders In queue?

Options :

A : Critical ratio

B : Shortest processing time

C : Fewest operations remaining

D : First come, first served

Answer: B

Question 2

The primary consideration In maintenance, repair, and operating (MRO) supply systems typically is:

Options :

A : order quantity.

B : stockout costs.

C : carrying costs.

D : shelf life.

Answer: B

Question 3

Which of the following strategies is most appropriate for a business unit with a low relative market share in a high-growth market?

Options :

A : Using excess cash generated to fund other business units

B : Investing in the acquisition of competitors

C : Investing in projects to maintain market share

D : Designing product improvements to protect market share

Answer: C

Question 4

One way to mitigate liability risk in the supply chain is to:

Options :

A : negotiate lower component cost.

B : require traceability for components.

C : push inventory to supplier locations.

D : use less-than-truckload (LTL) shipments more frequently.

Answer: B

Question 5

Forecast error typically triggers forecast revision when it is:

Options :

A : used in computing the tracking signal.

B : associated with the Introduction stage of the product life cycle.

C : continually increasing.

D : caused by random variation.

Answer: C

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