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Free download in PDF Material Management Objective Type 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.
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
View Answer
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
View Answer
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
View Answer
24
A _________ strategy means producing the amounts demanded at any given time.
A
production leveling
B
subcontracting
C
TQM
D
chase
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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
View Answer
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%
View Answer
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
View Answer
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
View Answer
