Material Management Quiz | Material Management Objective Type Questions and Answers

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Questions
21 A schedule is satisfactory when:
A Capacity is consistent with the production plan
B Capacity is greater than the production plan
C It doesn't specify to the plant when to start production
D It doesn't specify to the plant when to stop production

Answer: Capacity is consistent with the production plan
22 _______ and ______ are costs that increase or decrease with the quantity sold.
A Indirect labor, indirect material
B Indirect labor, direct material
C Direct labor, indirect material
D Direct labor, direct material

Answer: Direct labor, direct material
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23 _______ is the capability of manufacturing to produce goods and services.
A Priority
B Planning
C Control
D Capacity

Answer: Capacity
24 A _________ strategy means producing the amounts demanded at any given time.
A production leveling
B subcontracting
C TQM
D chase

Answer: chase
25 Which is not a part of 5R’s of buying?
A Right Source
B Right Quantity
C Right Quality
D None of the above

Answer: None of the above
26 Business cycle, price trends, National Economy are …………….
A Micro Factors
B Controllable Factors
C Macro Factors
D None of the above

Answer: Macro Factors
27 The first activity of Purchasing cycle is
A Recognizing the need for procurement
B Source Selection and development
C Communicating requirement to the purchase
D Inspection of goods

Answer: Recognizing the need for procurement
28 …………..are the basic materials which have not undergone any conversion since their receipt from suppliers.
A Finished Parts
B WIP
C Work Made Parts
D Raw Material

Answer: Finished Parts
29 All portions of the material production from __________ to ___________ are considered to be a linked chain under the supply chain concept.
A raw material, final customer
B work in process, raw material
C work in process, final customer
D raw material, work in process

Answer: raw material, final customer
30 Materials management is a coordinating function responsible for planning and controlling materials flow. Its objective(s) is/are:
A Maximize the use of the firm's resources
B Provide the required level of customer service
C Both of the above
D Neither of the above

Answer: Both of the above
31 Inventory not only makes up a portion of the cost of goods sold but has to be purchased at the beginning of production to be processed into finished goods. This type of inventory is called _____________.
A finished goods
B raw materials
C work-in-process
D none of the above

Answer: work-in-process
32 ______ must satisfy the demands of the marketplace. It does so by using plants, machinery, equipment, labor, and materials as efficiently as possible.
A Production
B Marketing
C Finance
D Engineering

Answer: Production
33 ____________ is the first step in a manufacturing planning and control system.
A Maintaining the planned backlog
B Maintaining the required inventory levels
C Achieving the forecast
D Production planning

Answer: Production planning
34 Critical resources in rough-cut capacity planning include:
A Bottle-neck operations
B Labor
C Critical materials
D All of the above

Answer: All of the above
35 In the __________________ environment, many end items can be made from combinations of basic components and subassemblies.
A assembly-to-order
B make-to-stock
C make-to-order
D engineer-to-order

Answer: assembly-to-order
36 Since _______ demand is not related to the demand for any other assemblies or products, it must be ___________.
A independent, calculated
B dependent, forecast
C independent, forecast
D dependent, calculated

Answer: independent, calculated
37 All major inputs to the MRP system include:
A Master production schedule, inventory records, and bills of material
B Master production schedule and bill of material
C Bill of material and inventory records
D Inventory records and master production schedule

Answer: Master production schedule, inventory records, and bills of material
38 Financially, inventories are very important to manufacturing companies and represent _________ of total assets on the balance sheet.
A 20% to 60%
B 10% to 45%
C 25% to 40%
D 50% to 80%

Answer: 20% to 60%
39 Inventory serves as a buffer between:
A Finished goods and component availability
B Customer demand and finished goods
C Supply and demand
D All of the above

Answer: All of the above
40 _______is a measure of customer service.
A Percentage of orders shipped on schedule
B Percentage of line items shipped on schedule
C Order-days out of stock
D All of the above

Answer: All of the above

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