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Free download in PDF Material Management Multiple Choice Questions and Answers for competitive exams. These short objective type questions with answers are very important for Board exams as well as competitive exams. These short solved questions or quizzes are provided by Gkseries.
(1)
Purchasing responsibilities can be divided into Buying, Clerical and ………..division.
[A]
Packing
[B]
Traffic
[C]
Record
[D]
Follow up
(2)
Procuring an item in staggering deliveries according to the delivery schedule finished to the supplier by the buyer.
[A]
Seasonal Buying
[B]
Hand to mouth buying
[C]
Tender Buying
[D]
Scheduled Buying
(3)
Product life cycles for many products are ________, forcing companies to not only become ________ in design but also to communicate changes and needs to suppliers and distributors.
[A]
shrinking rapidly, less flexible
[B]
growing rapidly, more flexible
[C]
growing rapidly, less flexible
[D]
shrinking rapidly, more flexible
Answer: shrinking rapidly, more flexible
(4)
To get the most profit, a company should________
[A]
Provide the lowest inventory investment
[B]
Provide little customer service
[C]
Provide high production costs
[D]
Provide the highest distribution costs
Answer: Provide the lowest inventory investment
(5)
Materials management is also called____________
[A]
Control and logistics management
[B]
Distribution planning
[C]
Both of the above
[D]
Neither of the above
Answer: Both of the above
(6)
A good planning system must consider:
[A]
What are we going to make?
[B]
What does it take to make it?
[C]
What do we have and need?
[D]
All of the above
(7)
________ is responsible for analyzing the marketplace and deciding the firm's response, the markets to be served, the products supplied, and desired levels of customer service.
[A]
Finance
[B]
Production
[C]
Engineering
[D]
Marketing
(8)
Purchasing and ___________ represent the implementation and control phase of the production planning and control system.
[A]
material requirements planning (MRP)
[B]
just-in-time (JIT)
[C]
marketing
[D]
production activity control (PAC)
Answer: production activity control (PAC)
(9)
The MRP forms a vital link between sales and production as follows:
[A]
The MRP makes possible valid order promises
[B]
The MRP is a contract between marketing and manufacturing
[C]
The MRP is a plan of what is to be produced and when
[D]
All of the above
(10)
The objectives in developing an MRP include:
[A]
To maintain the desired level of customer service by maintaining finished goods inventory levels or by scheduling to meet customer delivery requirements
[B]
To make the best use of material, labor, and equipment
[C]
To maintain inventory investment at the required levels
[D]
All of the above
(11)
The first step in preparing an MPS is:
[A]
Develop a preliminary MRP
[B]
Check the preliminary MRP against available capacity
[C]
Resolve differences between the preliminary MPS and the capacity available
[D]
Develop a rough-cut capacity plan
Answer: Develop a preliminary MRP
(12)
______________ exists when the cumulative actual demand varies from the cumulative forecast.
[A]
Bias
[B]
Forecast error
[C]
Random variation
[D]
Mean absolute deviation
(13)
Over a span of several years and even decades, wavelike increases and decreases in the economy influence demand and are called _________.
[A]
cycles
[B]
random variation
[C]
seasonality
[D]
trends
(14)
_______________ techniques are projections based on judgment, intuition, and informed opinions.
[A]
Qualitative forecasting
[B]
Intrinsic forecasting
[C]
Extrinsic forecasting
[D]
Quantitative forecasting
Answer: Qualitative forecasting
(15)
Products likely to have seasonal or periodic demand patterns include:
[A]
Skis and lawnmowers
[B]
Toilet paper and paper towels
[C]
Toothpaste and deodorant
[D]
Milk and meat
Answer: Skis and lawnmowers
(16)
______________ demand items need to be forecast.
[A]
Dependent
[B]
Independent
[C]
Both independent and dependent
[D]
Neither independent nor dependent
(17)
To reach its objectives, the master production schedule must:
[A]
Be outside both the capacity of manufacturing and the guidelines of the production plan
[B]
Be outside the guidelines of the production plan
[C]
Be outside the capacity of manufacturing
[D]
Satisfy customer demand
Answer: Satisfy customer demand
(18)
In the _____________ environment, several product options exist (e.g., automobiles) and the customer is not willing to wait until the product is made. Therefore manufacturers produce and stock standard component parts.
[A]
assemble-to-order
[B]
make-to-order
[C]
level production
[D]
make-to-stock
Answer: assemble-to-order
(19)
The cost of a _________ that is too large equals the cost of turning away business.
[A]
resource plan
[B]
capacity plan
[C]
production plan
[D]
backlog
(20)
The information needed to develop an MPR includes:
[A]
Actual orders received from customers and for stock replenishments
[B]
Forecasts for individual end items
[C]
The production plan
[D]
All of the above
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