DSC2006 Unofficial Mid-Term Mock Test Essay Example for Free

DSC2006 Unofficial Mid-Term Mock Test Essay DSC2006 Unofficial Mid-Term Mock Test 2010/11 Semester 2 Select the best answer 1. Business organizations consist of three major functions which, ideally: a) support one another b) are mutually exclusive c) exist independently of each other d) function independently of each other e) do not interface with each other 2. Revenue management is concerned with: a) a process designed to determine the best use of funds generated through sales. b) the use of marketing tools to increase revenue. c) the use of accounting tools to monitor cash flow. d) the use of pricing to increase the profit generated from a limited supply of supply chain assets. e) the appropriate use of operational tools to improve operational efficiency with a view to increasing revenue. 3. In order to make differential pricing effective, which of the following issues are to be dealt with? a) The firm must differentiate between the market segments and structure its pricing to make one segment pay more than the other. b) The firm must control demand such that the lower paying segment does not utilize the entire availability of the asset. c) The firm must secure enough capacity to meet demand from each segment. d) The firm should structure pricing according to different market segments and also control demand in such a way that the lower segment does not utilize the entire availability of the asset. e) The firm must secure enough capacity to meet demand of each segment and also control demand in such a way that the lower segment does not utilize the entire availability of the asset. 4. In order to differentiate between different market segments, the firm must: a) negotiate separately with different market segments that value product or service attributes differently. b) create barriers by identifying product or service attributes that the segments value differently. c) develop pricing structures based on the volume of various product or service attributes. d) eliminate barriers that identify product or service attributes that the segments value differently. e) create barriers by identifying product or service attributes that the segments value differently and also negotiate separately with different market segments. 5. Under which of the following condition(s) is the concept of revenue management is applicable? a) Capacity is perishable. b) The same unit of capacity can be used to deliver product or service to different submarkets having their own demand curves with different price elasticity. c) Using appropriate booking rules, a firm can create a fence among the relevant submarkets. d) Capacity is perishable, the same capacity can be used to different submarkets having their own demand curves with different price elasticity and also the firm can create a fence among the relevant submarkets. e) Capacity is perishable and the same capacity can be used to different submarkets having their own demand curves with different price elasticity 6. Throughput time cannot be reduced in a process by: a) Reducing the utilization of bottleneck equipment b) Performing activities using a serial approach c) Changing the sequence of activities d) Reducing interruptions e) All of the above are ways by which throughput time can be reduced 7. According to Littles Law, which of the following ratios is used to find throughput time? a) Cycle time/Process time b) Throughput time/Process velocity c) Process velocity/Throughput time d) Work-in-Process/Throughput rate e) Value added time/Process velocity 8. A firm can participate in the quantity discount illustrated below when purchasing a product. It costs $20 to place an order each time. The holding cost rate is 20%. The annual demand for the product is 10,000 units. Lead time for the product is 1 month. Quantity 520 Cost $12 $10 $9 What is the minimum total cost that this firm can purchase and inventory this item while facing a quantity discount? a) 90,468 b) 90,853 c) 90,894 d) 100,000 e) 100,894 9. Which of the following determines the capacity of a production line? a) the takt time b) the throughput time c) the theoretical minimum number of work stations d) the efficiency 10. Which of the following types of manufacturing layout is considered a hybrid? a) Process layout b) Product layout c) Fixed-position layout d) Cellular layout 11. Compute the required cycle time for a process that operates 8 hours daily with a required output of 300 units per day. a) 0.625 minutes b) 1.6 minutes c) 37.5 minutes d) 0.027 minutes 12. Which of the following is NOT a mark of a good layout in manufacturing? a) Straight line flow patter (or adaption) b) Predictable production line c) Bottleneck operations d) Work stations close together e) Open plant floors (high visibility) 13. Revenue management is not especially useful where: a) Capacity is relatively fixed b) The market can be fairly clearly segmented c) The service cannot be sold in advance d) The service/product can be stored 14. Which is the correct order for process types starting with low volume/high variety and moving to high volume/low variety? a) Batch processes, project processes, job shop processes, mass processes, continuous processes b) Project processes, batch processes, mass processes, job shop processes, continuous processes c) Project processes, job shop processes, batch processes, mass processes, continuous processes d) Job shop processes, batch processes, mass processes, continuous processes, project processes 15. Which is the correct sequence in order of increasing process flexibility? a) Job shop / batch / project / continuous / product b) Project / job shop/ batch / continuous / product c) Job shop/ batch / project / product / continuous d) Project / job shop/ batch / product / continuous e) Continuous / product / batch / job shop/ project 16. Which of these statements is correct? The Economic Order Quantity (EOQ): a) Is a formula that calculates a realistic purchase price for an item b) Will depend on how many related parts are required in the same period c) Is used to calculate how much safety stock should be carried d) Determines the lowest order quantity by balancing the cost of ordering against the cost of holding stock e) Should be calculated once a year 17. Under the ABC system of inventory priorities a Class A item is: a) The 80% of high-value items that account for around 20% the total stock turnover value b) The 20% of high-value items that account for around 20% the total stock turnover value c) The 20% of high-value items that account for around 80% the total stock turnover value d) The 80% of high-value items that account for around 80% the total stock turnover value 18. The layout where the equipment, machinery, plant and people move as necessary is known as: a) Product layout b) Fixed-position layout c) Cell layout d) Process layout 19. A supermarket is usually positioned as: a) Cell layout b) Process layout c) Fixed-position layout d) Product layout 20. A self-service cafeteria is usually positioned as: a) Cell layout b) Product layout c) Fixed-position layout d) Process layout 21. Which of the following is usually considered a characteristic of a product or line layout? a) This layout can easily handle high volume but low variety b) This layout tends to be very flexible c) Transforming resources are costly to maintain d) This layout can easily handle high variety but low volume e) Transforming resources move to the work 22. A product layout: a) Groups transforming resources into dedicated cells b) Involves locating the transforming resources entirely for the convenience of the transformed resources c) Is appropriate for low volume operations d) Allows a wide variety of products to be manufactured on the same equipment e) Moves resources to the place where the operation is to be carried out 23. Cell layouts typically: a) Locate transforming resources entirely for the convenience of the transformed resources b) Cost more to run than other types of process layout c) Involve all the operations on a product being located adjacent to each other d) Are dominated by the transforming resources e) Are the most efficient form of process layout 24. Which of the following is the least likely decision to be made by Operations Managers? a) Designing and improving the jobs of the workforce b) Selecting the location and layout of a facility c) How much capacity is required to balance demand d) How to use quality techniques to reduce waste e) Deciding which market areas to manufacture products for 25. Which of the following would not normally be considered a general characteristic of a service? a) Many services involve both tangible and intangible outputs b) Production and consumption are simultaneous c) Production and consumption can always be spatially separated d) Low contact services can often be made more efficient than high contact services e) Production and sales cannot easily be separated functionally 26. Which of the following is not usually considered a characteristic of a fixed position layout? a) Fixed position layouts are often used for large or delicate products or services b) Transforming resources are grouped in cells c) The recipient of the process or the work being undertaken remain in the same place d) Fixed position layouts are able to offer high flexibility e) Transforming resources often move to the work 27. Operations management is: a) decision making involving the design, planning, and control of the processes that produce goods and services. b) decision making involving accounting, engineering, marketing, and strategy formulation that affect operations. c) decision making involving operations productivity and the reliability, durability, and manufacturability of products. d) decision making involving analyzing the competitive environment, appraising the organizations skills and resources, and examining the limitations of economics and technology on operations. 28. Inputs to the transformation process of operations include: a) Labour, capital, management, and material. b) Product design, materials planning, production planning, and product distribution. c) Strategic planning, marketing, engineering, and purchasing d) Steel, plastics, fibres, food crops, or other raw materials. 29. Some characteristics of services that differentiate them from goods (manufactured products) are: a) intangible, immediate consumption, high customer contact b) inventory, immediate consumption, options available c) delayed consumption, intangible, customer contact d) immediate consumption, options available, inventory 30. The concept of value-added means a) the customer must add value to a product by paying for it b) machines add value to the production process because of their low cost c) only service operations add value for the customer d) outputs of a process are worth more to customers than the sum of inputs 31. Computer-integrated manufacturing (CIM) differs from a flexible manufacturing system (FMS) in that: a) CIM usually includes one or more FMSs as components. b) An FMS does not use computers at all. c) CIM is only one component of an FMS. d) CIM is concerned only with data while FMS involves production processes. 32. A company is planning to produce a product that will compete in a high-volume market that is very price-competitive. What type of process would be most appropriate? a) project b) job shop c) batch d) continuous 33. Which of the following is NOT a characteristic of a product layout? a) standard product. b) high volume production. c) same sequence of operations for each unit. d) each order may require a unique sequence of operations. 34. The desired production rate for an assembly line is 120 units-per hour. What would be the cycle time? a) 30 seconds per unit b) 40 seconds per unit c) 0083 minutes per unit d) 2 minutes per unit 35. Which of the following is an advantage of a cellular layout? a) higher volume than an assembly line. b) greater f1exibility than a job shop. c) reduced material handling. d) use of more employees. 36. A company has a set of tasks that must be completed to assemble a product. The total time for these tasks is 96 minutes. The cycle time is 3 minutes and the company has found that 40 work stations are required to balance the line. What is the efficiency (or utilization) for this assembly line? a) 95% b) 90% c) 85% d) 80% 37. Which of the following IS NOT a use of inventory? a) Buffer against uncertainly b) Allow for large variations in production c) Decouple different processes d) Allow for smooth production 38. A retailer stocks a certain product that is sold at the rate of 10,000 units per year. Each replenishment order from the outside supplier costs $50. The price is $40 per unit and inventory carrying cost per year is 10% of unit price, how many units should be ordered each time to minimize total annual cost? a) 100 b) 250 c) 500 d) 1,000 39. Referring to the preceding problem, suppose the supplier requires that orders be placed for 2,000 units at a time. What would be the total annual variable cost of ordering and carrying inventory? a) $ 2,000 b) $ 2,500 c) $ 4,250 d) $ 8,000 40. A certain item is subject to quantity discounts as shown below: Quantity Price 1 – 49 50 – 999 1000 or more Purchased Per Unit $ 2.50 $ 2.00 $ 1.80 If 1,000 units are used per year and it costs $450 to place an order due to high shipping costs, how many should be ordered at a time to minimize variable costs if carrying cost per unit per year is 50% of unit value? a) 1000 b) 500 c) 100 d) 50 41. A company has 100 inventory items with total annual dollar usage of $3,000,000. Which of the following is most likely a C Inventory Item based on ABC analysis? a) b) c) d) Part # 1078 2365 1287 7864 Annual $ Usage $500,000 $250,000 $52,000 $1,000 42. A company manufactures repair parts. These parts are used at the rate of 5,000 units per year. It costs $100 every time more are produced. The cost of holding these parts in inventory is 20% of unit price, which is $25 per unit. The parts can be produced at the rate of 6,250 per year. How many units should be produced at a time to minimize total annual cost? a) 500 b) 1000 c) 1500 d) 2000

Horror Movies Essay -- essays research papers fc

  Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Natural Born Killers,† â€Å" Psycho,† â€Å" Friday the 13th ,† and â€Å"The Legend of Sleepy Hollow† are all horror films. In these films there is always some crazy person or monster-like character that goes around and slaughters innocent people. And usually, but not all the time the killer is killed at the end of the movie. The media publishes or broadcasts stories that say that horror films influence people to imitate these wrongful acts of violence. I believe that these movies do not influence people to imitate these murderous crimes onto innocent people. Horror films are a way for people to exercise their violent emotions with out hurting anyone.   Ã‚  Ã‚  Ã‚  Ã‚  The media publishes ,in my mind stupid , stories about horror films that say that some whacked out kid has just killed someone because of a horror film he or she saw. I think that the kid blaming the movie is just a reason to get out of jail time. The parents of these kids should not be showing there 8 years old children horror films in the first place. That is why there is a ratings system. And all horror movies are rated R, which means no one under the age of 17 should watch the movie with out adult supervision.   Ã‚  Ã‚  Ã‚  Ã‚   A movie that comes to my mind for a movie supposedly influencing people is the Oliver Stone movie â€Å"Natural Born Killers.† In it Woody Harrelson and Juliette Lewis play a couple that go on a violent crime spree. They kill dozens ... Horror Movies Essay -- essays research papers fc   Ã‚  Ã‚  Ã‚  Ã‚  Ã¢â‚¬Å"Natural Born Killers,† â€Å" Psycho,† â€Å" Friday the 13th ,† and â€Å"The Legend of Sleepy Hollow† are all horror films. In these films there is always some crazy person or monster-like character that goes around and slaughters innocent people. And usually, but not all the time the killer is killed at the end of the movie. The media publishes or broadcasts stories that say that horror films influence people to imitate these wrongful acts of violence. I believe that these movies do not influence people to imitate these murderous crimes onto innocent people. Horror films are a way for people to exercise their violent emotions with out hurting anyone.   Ã‚  Ã‚  Ã‚  Ã‚  The media publishes ,in my mind stupid , stories about horror films that say that some whacked out kid has just killed someone because of a horror film he or she saw. I think that the kid blaming the movie is just a reason to get out of jail time. The parents of these kids should not be showing there 8 years old children horror films in the first place. That is why there is a ratings system. And all horror movies are rated R, which means no one under the age of 17 should watch the movie with out adult supervision.   Ã‚  Ã‚  Ã‚  Ã‚   A movie that comes to my mind for a movie supposedly influencing people is the Oliver Stone movie â€Å"Natural Born Killers.† In it Woody Harrelson and Juliette Lewis play a couple that go on a violent crime spree. They kill dozens ...

Long walk Essay

â€Å"I have no friend, Margaret: when I am glowing with the enthusiasm of success, there will be none to participate my joy; if I am assailed by disappointment, no one will endeavour to sustain me in dejection. † (Page 5) -Robert Walton -Letter 2 It relates to the theme of isolation, he believes he is too good for anyone, nobody matched to his intelligence therefore he is alone. He is also ambitious; he wants to be known for discovering something. â€Å"You seek for knowledge and wisdom, as I once did; and I ardently hope that the gratification of your wishes may not be a serpent to sting you, as mine has been. † (Page 16) -Robert Walton -Letter 4 This is foreshadowing, Victor is saying that he hopes that Walton’s thirst for knowledge and adventure not turn into ruin as his fate was before him. â€Å"Learn from me, if not by my precepts, at least by my example, how dangerous is the acquirement of knowledge and how much happier that man is who believes his native town to be the world, than he who aspires to become greater than his nature will allow. † (Page 43) -Victor Frankenstein -Chapter 4 He is advising Walton to believe more in his family and town rather than to seek knowledge because with great knowledge brings great destruction if not used in the correct way. Plus to always follow life as nature will allow and to not defy it. â€Å"Life and death appeared to me ideal bounds, which I should first break through, and pour a torrent of light into our dark world. † (Page 44) -Victor Frankenstein -Chapter 4 He wanted to implore the fine line between life and death, this was when his curiosity into the matter began to stir. â€Å"For this I had deprived myself of rest and health. I had desired it with an ardour that far exceeded moderation; but now that I had finished, the beauty of the dream vanished, and breathless horror and disgust filled my heart.  Ã¢â‚¬  (Page 48) -Victor Frankenstein -Chapter 5 He believed his dream to be that of beauty and accomplishment rather he created a monster of such hideous attributes that is disgusts him that he was able to create such a thing. â€Å"flash of lightning illuminated the object and discovered its shape plainly to me; its gigantic stature, and the deformity of its aspect, more hideous than belongs to humanity, instantly informed me that it was the wretch, the filthy demon to whom I had given life† (Page 69) -Victor Frankenstein  -Chapter 7 He goes on to further talk about the hideousness of the monster, he describes the horrid description in great detail, he compares his creation to the devil, thus implying bible stories. â€Å"The sublime and magnificent scenes afford me the greatest consolation I was capable of receiving. † (Page 92) -Victor Frankenstein -Chapter 10 This is a romantic feature; it describes nature, landscape and scenery and how victor feels at peace when surrounded by it. This is once he creates the mo nster and abandons it in fear. â€Å"All men hate the wretched; how then, must I be hated, who am miserable beyond all living things! Yet you, my creator, detest and spurn me, thy creature, to whom thou art bound by ties only dissoluble by the annihilation of one of us. † (Page 95) -The Monster -Chapter 10 The Monster is explaining to Frankenstein his hurt and anguish because he left him after creating him, he relates it to god and being Adam. This is where the monster begins to feel the emotion of betrayal. â€Å"When I looked  around I saw and heard of none like me. Was I, a monster, a blot upon the earth from which all men fled and whom all men disowned? † (Page 119) -The Monster -Chapter 13 This is identity crisis, he begins to ask himself questions about who he is, he is in a dilemma within himself. â€Å"Thanks to the lessons of Felix and the sanguinary laws of man, I had learned now to work mischief I bent over her, and placed the portrait securely in one of the folds of her dress. She moved again, and I fled. The theme of revenge, the monster has now realized that he will never be accepted by humanity, so is cunning and knowledge is revealed when he tricks them into thinking Janine killed William. â€Å"I am alone and miserable: man will not associate with me; but one as deformed and horrible as myself would not deny herself to me. My companion must be of the same species and have the same defects. This being you must create. † (Page 146) -The Monster -Chapter 16 The Monster wishes for Victor to create a monster just as him, so he has a companion, this is the climax in the story. This shows that the monster understands the meaning of family and being together and that is what he wants. â€Å"I will revenge my injuries: if I cannot inspire love, I will cause fear; and chiefly towards you my arch-enemy, because my creator, do I swear inextinguishable hatred. Have a care: I will work at your destruction, nor finish until I desolate your heart, so that you shall curse the hour of your birth. † (Page 148) -The Monster -Chapter 17 This shows that if he cannot be loved by people and be part of a family, he will make people suffer and fear him, he will take revenge on those who did not like him, he is angry at the fact that victor left him and thus will destroy him. â€Å"Slave, I before reasoned with you, but you have proved yourself unworthy of my condescension. Remember that I have power; you believe yourself miserable, but I can make you so wretched that the light of day will be hateful to you. You are my creator, but I am your master; — obey! † (Page 172) -The Monster -Chapter 20 What you create can always overcome you; the monster says that even though victor created him, he still has the power above him. Further depth on the theme revenge. â€Å"You can blast my other passions, but revenge remains—revenge, henceforth dearer than light of food! I may die, but first you, my tyrant and tormentor, shall curse the sun that gazes on your misery. † (Page 173) -The Monster -Chapter 20 Revenge is his main focus and is emphasized now, The monster is very angry and wishes to torment victor. He goes from calling him my creator to my tyrant and tormentor.

Success Of A Mathematics Career - 992 Words

Success in a mathematics career is determined by a number of factors such as motivation, encouragement, hard work, and skill. The people we network with and people that educate us contribute to these factors. As the amount women completing their college careers continue to increase, we are still a minority in STEM fields, particularly mathematics. This has been proven first hand as I have yet to have a female mathematics professor at the University I attend. Thus I reached out to Dr. Sarah Reznikoff who eagerly agreed to answer all of my questions and be my inspiring female role model. Dr. Sarah Reznikoff grew up in Madison, Wisconsin. Growing up, Dr. Reznikoff had good teachers in high school that encouraged her in math. Dr. Reznikoff enjoyed mathematics because she was good at it. In school, being good in her math classes helped her think math is something she should continue to do. Not a bad idea to go off of since usually, when you are good at something, it aids in understanding and inspires one to continue to learn more. Along with math, Dr. Reznikoff loved her English classes and writing. But ultimately, she chose math because mathematics has a certainty factor. When the solution is right, it is right, whereas writing has more subjectivity. For the past 8 years, Dr. Reznikoff has been an assistant professor at Kansas State University. She received her PH.D. in 2002 from the University of California at Berkley. After earning her PH.D., Dr. Reznikoff was a postdoctoralShow MoreRelatedGraduation Speech For Becoming A Teacher852 Words   |  4 PagesThe following paper is a reflection of the experiences and life lessons that ultimately led me to choose a teaching career in mathematics. 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