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APICS Certified in Production and Inventory Management Sample Questions (Q514-Q519):

NEW QUESTION # 514
Assemble- to-order is a subset of make-to-order. Which of the following is needed to make a production plan for make-to-order products?

• A. Desired ending backlog
• B. Opening backlogs of customer orders
• C. Forecasts by period for the planning horizon
• D. All of these

Answer: D

 

NEW QUESTION # 515
When a small number of items often dominate the results achieved in any situation, this is called:

• A. Pareto's law
• B. Petite Act
• C. Recessive Act
• D. Standard law

Answer: A

 

NEW QUESTION # 516
1. Determine the standard hours of operation time for each planned and released order for each work center by time period.
2. Add all the standard hours together for each work center in each period. These are the steps of calculating:

• A. None of these
• B. Available capacity
• C. load
• D. Capacity required

Answer: C,D

 

NEW QUESTION # 517
Which of the following are the types of sourcing?

• A. Sole, Group
• B. Multiple, single
• C. Group, multiple, single
• D. Sole, multiple, single

Answer: D

 

NEW QUESTION # 518
The formula to calculate the Inventory turns is:

• A. Inventory turns = annual cost of goods purchased / average financial measures in dollars
• B. Inventory turns = average cost of goods sold / annual inventory in dollars
• C. Inventory turns = annual cost of goods sold * average inventory in dollars
• D. Inventory turns = annual cost of goods sold / average inventory in dollars

Answer: D

 

NEW QUESTION # 519
......

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