Liberty University BUSI 411 exam 4 Operations Management complete solutions Liberty University BUSI 411 exam 4 Operations Management complete solutions Liberty University BUSI 411 exam 4 Operations

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**** *** **** * ********** Management (2015) ******* ********* ***** ******** This **** *** ***** ** ***** **** ******* ********** ****** *** ANSWERS *** *************** 1 *** ********** ******* for ********* ******* ***** Loan ****** cash **** *** home ****** *** *** very popular “BIG BUCKS” ********* ****** ******* ***** only ********* **** ***** *** ********* that **** ******* dispenses an ******* of ***** ***** *** ***** *** **** ******** * **** in ********* ***** 10 percent ** *** ***** ******** *** knows **** **** order *** these ***** costs $300 *** ******** and ******* *** ******** ***** *** **** ***** **** **** ** *** days ******** * ****** ***** ** she **** ** ***** **** bills ** * time what would ** the ******* ******* total costs EXCLUDING *** ***** ** the ************** ********************** **** ********* ******* *** * billiard **** ***** **** periodically place orders *** ***** *** ** *** *** materials **** in ********* ******** ***** *** knows that ************* **** ***** at * **** of ** ********* **** *** and **** it costs $04 *** *** ** carry a ******** of ***** ** inventory She also ***** **** *** ***** costs for ***** *** **** *** order and that *** **** time for ******** ** four **** **** is *** economic order ******** *** ************** ********** ******************* ****** ** the ********* ** ***** ****** to ** included in order ************** **************** ******* ** delivered *************** * * cycle ***** ******* **** ******* ******* **** A items be **************** *********** ***** **** ****************** * *** ********** ******* for ********* ******* ***** **** orders cash **** *** **** office *** *** **** popular **** ****** ********* ****** ******* ***** only ********* **** ***** *** ********* **** this ******* dispenses an average ** ***** bills *** month *** **** ******** a **** in ********* costs ** percent ** its ***** ******** *** ***** **** **** ***** *** ***** bills costs **** for ******** *** ******* car delivery ***** and that ***** **** **** ** six **** Assuming a ****** ***** **** ** *** ******** ***** ***************** *********** *************** * * ************ method ** ****** ********* ***** * ******* ** *** ********** approachSelected Answer:5W2H Question 7 **** lean ** used ** *** ******* ** ******** ***** ** *** ********* ** most ***** the ************** ********** time ****** ** perform * ***************** * Although **** ******* **** ** produce ************ product ***** ** ******* ********** ******* ******* ************ ***** **** producers often *** __________ ** ****************** Answer:standardized ****** ******* ***************** * ***** ** *** ********* ** *** ********* ******** found ** lean ************* ***** reduction(II) Output ***** ** * ******** forecast(III) Visual ************ Quick ************** Long production ************ *********** ** *** *********** 10 Managers *********** ** ********** ******** ********** *** **** ********** ** ********** ****** recognize **** ************* ********** leave ***** ******* ********** ** ****** ***** ********************* ** * ****** **** ***** ** desirable *** ******** ************* to actively ****** their supply chains *********** ***************** *********************** 12 Which ** the following is *** an *********** ** E-business?Selected **************** product *************** 13Which of the following ** a ******* to the *********** ** ******** ************* in *** ****** ********* *********** ********** ** *** ********* in the ********* ********* ******** levels ** the companies ** *** chain(III) ********** ** *** ************* in the chain ** allow ***** ************* ****** ** ***** ************ Answer:I and ************* ** RFID ********* are **** to ***** ***** in **************** *** **** ** track job ******** ** *************** *** **** ** ******* ******* ************ ** ************* can ** **** ** ********* ****** *************** ******** ** *** ************ ** ***** ** *** ********* ** ***** likely ** ** * *** ************* **** a ******* ******* * supplier?Selected Answer:current ******************* ** *** ******** rule ***** will ******** **** ** *** order **** are received *********** ********************* 17 ***** ********** rule ** designed ************ ** minimize job tardiness?Selected Answer:EDD Question ** ********* due ***** are the ****** of:Selected Answer:all ** *** choices Question ** The owner/operator ** *** ***** ********* ** Handyman *** *** four jobs to ** today ***** ** *** ***** they **** received: Job Processing **** (hrs) Due(hrs **** ****************************************************************** he **** the ******** ********** **** ***** ******** **** to ******** ***** **** what will ** *** ******* *** tardiness?Selected ******** hours Question ** The ********* matrix ***** ******** ***** *** ******* *********** combinations ****** there **** ** ********** ******** between **** and ******** ***** *** of pairs *********** *** ************ solution using *** ********** *************************************************************************************************** ********** *** ************* 21Profit ******* **** ** ** ********* ******* ** inventory turnsSelected ********************* ******* *********** ********* involves ***** **** ************** ********* ******** ** **** ** ********* **** *** not officially **** ** *** ****** chainSelected Answer:False Question ************* ** ************* purchasing ** ******** related ** *** **** of an ******************** Answer:False Question 24The ********** model ***** ** ******* ******** of ***** *** ***************** ********************* 25Priority rules *** ****** **** to ******** **** ** *********** *************** ****************

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