{"id":436653,"date":"2018-06-30T16:28:11","date_gmt":"2018-06-30T16:28:11","guid":{"rendered":"https:\/\/essaypaper.org\/?p=30634"},"modified":"2018-10-24T09:15:33","modified_gmt":"2018-10-24T09:15:33","slug":"business-finance-assignment-questions","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/business-finance-assignment-questions\/","title":{"rendered":"Business Finance Assignment Questions"},"content":{"rendered":"

Business Finance<\/h2>\n
\n
\n
\n
\n

Question 1 \u00a0\u00a0\u00a0In addition to correcting substandard work, employees have an ethical obligation to __________ the quality problem as well. \u00a0\u00a0 prevent \u00a0\u00a0 offset \u00a0\u00a0 report \u00a0\u00a0 standardize \u00a0\u00a0 redesign 3 points \u00a0\u00a0\u00a0Question 2 \u00a0\u00a0\u00a0ISO 9000 currently stresses _____ of a certified organization. \u00a0\u00a0 minimizing harmful environmental effects \u00a0\u00a0 product diversity \u00a0\u00a0 inclusion of reused components in the office equipment \u00a0\u00a0 a minimum of four supervisory levels \u00a0\u00a0 continual improvement 3 points \u00a0\u00a0\u00a0Question 3 \u00a0\u00a0\u00a0The quality certification that deals primarily with conformance to customer requirements is ISO __________; ISO __________ is concerned primarily with the organization’s effect on the environment. \u00a0\u00a0 9000; 14000 \u00a0\u00a0 24700; 9000 \u00a0\u00a0 14000; 9000 \u00a0\u00a0 9000; 24700 \u00a0\u00a0 14000; 24700 3 points \u00a0\u00a0\u00a0Question 4 \u00a0\u00a0\u00a0Warranty service, processing of complaints, and costs of litigation are examples of: \u00a0\u00a0 internal failure costs. \u00a0\u00a0 external failure costs. \u00a0\u00a0 appraisal costs. \u00a0\u00a0 prevention costs. \u00a0\u00a0 replacement costs. 3 points \u00a0\u00a0\u00a0Question 5 \u00a0\u00a0\u00a0Managers have obligations to a wide variety of stakeholders such as shareholders, employees, and customers. When considering outsourcing production to offshore suppliers, managers have to weigh: (I) cost benefits that might make shareholders wealthier. (II) quality issues that might make firms less productive and\/or products riskier. (III) the investments already tied up in relationships with existing suppliers. \u00a0\u00a0 I \u00a0\u00a0 II \u00a0\u00a0 III \u00a0\u00a0 I and II only \u00a0\u00a0 I, II, and III 3 points \u00a0\u00a0\u00a0Question 6 \u00a0\u00a0\u00a0A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results: \u00a0\u00a0\u00a0Sample Service Life (hours) 1 495 500 505 500 2 525 515 505 515 3 470 480 460 470 ________________________________________ \u00a0If he uses upper and lower control limits of 520 and 480 hours, what is his risk (alpha) of concluding that service life is out of control when it is actually under control (Type I error)? \u00a0\u00a0 0.0026 \u00a0\u00a0 0.0456 \u00a0\u00a0 0.3174 \u00a0\u00a0 0.6826 \u00a0\u00a0 0.9544 3 points \u00a0\u00a0\u00a0Question 7 \u00a0\u00a0\u00a0If a process is performing as it should, it is still possible to obtain observations which are outside of which limits? \u00a0\u00a0\u00a0(I) tolerances (II) control limits (III) process variability \u00a0\u00a0 I \u00a0\u00a0 II \u00a0\u00a0 I and II \u00a0\u00a0 II and III \u00a0\u00a0 I, II, and III 3 points \u00a0\u00a0\u00a0Question 8 \u00a0\u00a0\u00a0A design engineer wants to construct a sample mean chart for controlling the service life of a halogen headlamp his company produces. He knows from numerous previous samples that this service life is normally distributed with a mean of 500 hours and a standard deviation of 20 hours. On three recent production batches, he tested service life on random samples of four headlamps, with these results: \u00a0\u00a0\u00a0Sample Service Life (hours) 1 495 500 505 500 2 525 515 505 515 3 470 480 460 470 ________________________________________ \u00a0If he uses upper and lower control limits of 520 and 480 hours, on what sample(s) (if any) does service life appear to be out of control? \u00a0\u00a0 sample 1 \u00a0\u00a0 sample 2 \u00a0\u00a0 sample 3 \u00a0\u00a0 both samples 2 and 3 \u00a0\u00a0 all samples are in control 3 points \u00a0\u00a0\u00a0Question 9 \u00a0\u00a0\u00a0A quality analyst wants to construct a control chart for determining whether three machines, all producing the same product, are in control with regard to a particular quality variable. Accordingly, he sampled four units of output from each machine, with the following results: \u00a0\u00a0\u00a0Machine Measurements #1 17 15 15 17 #2 16 25 18 25 #3 23 24 23 22 ________________________________________ \u00a0For upper and lower control limits of 23.29 and 16.71, which machine(s), if any, appear(s) to have an out-of-control process mean? \u00a0\u00a0 machine #1 \u00a0\u00a0 machine #2 \u00a0\u00a0 machine #3 \u00a0\u00a0 all of the machines \u00a0\u00a0 none of the machines 3 points \u00a0\u00a0\u00a0Question 10 \u00a0\u00a0\u00a0The traditional view is that the optimum level of inspection is where the: \u00a0\u00a0 cost of inspection is minimum. \u00a0\u00a0 cost of passing defectives is minimum. \u00a0\u00a0 total cost of inspection and defectives is maximum. \u00a0\u00a0 total cost of inspection and defectives is minimum. \u00a0\u00a0 difference between inspection and defectives costs is minimum. 3 points \u00a0\u00a0\u00a0Question 11 \u00a0\u00a0\u00a0At XYZ Corp., the master schedule reflects the fact that 50 percent of its output is product version A, 30 percent is version B, and 20 percent is version C. Suppose that over the coming year planned aggregate production is for 10,400 units. Once the production plan is disaggregated evenly throughout the year, what will the weekly production for version A be (assume 52 weeks per year)? \u00a0\u00a0 1,000 \u00a0\u00a0 200 \u00a0\u00a0 400 \u00a0\u00a0 100 \u00a0\u00a0 50 3 points \u00a0\u00a0\u00a0Question 12 \u00a0\u00a0\u00a0Information for firm ABC: \u00a0\u00a0\u00a0\u00a0 \u00a0Inventory at the end of April, 2008: 200 units Expected demand during April, 2008: 50 units Production expected during April, 2008: 100 units ________________________________________ \u00a0\u00a0What was the inventory at the end of March 2008? \u00a0\u00a0 350 \u00a0\u00a0 250 \u00a0\u00a0 150 \u00a0\u00a0 50 \u00a0\u00a0 400 3 points \u00a0\u00a0\u00a0Question 13 \u00a0\u00a0\u00a0One option for altering the availability of manufacturing capacity is: \u00a0\u00a0 pricing. \u00a0\u00a0 promotion. \u00a0\u00a0 back orders. \u00a0\u00a0 inventories. \u00a0\u00a0 yield management. 3 points \u00a0\u00a0\u00a0Question 14 \u00a0\u00a0\u00a0A firm has 56 units of product X on hand. Forecasts of demand are for 20 units per week. An MPS quantity of 100 units is planned to arrive in period 3. Customer orders are 24 for period 1, 18 for period 2, and 15 for period 3. \u00a0What is the projected on-hand inventory at the end of period 2? \u00a0\u00a0 14 \u00a0\u00a0 32 \u00a0\u00a0 12 \u00a0\u00a0 20 \u00a0\u00a0 impossible to say without more information 3 points \u00a0\u00a0\u00a0Question 15 \u00a0\u00a0\u00a0The direct result of disaggregating the aggregate plan is the: \u00a0\u00a0 marketing plan. \u00a0\u00a0 production plan. \u00a0\u00a0 rough-cut capacity plan. \u00a0\u00a0 master schedule. \u00a0\u00a0 material requirements plan. 3 points \u00a0\u00a0\u00a0Question 16 \u00a0\u00a0\u00a0Bunny Helpers, Inc., has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of week 6. An MRP planner has prepared the following table showing product structure, lead times (orders are lot-for-lot), and quantities on hand: \u00a0\u00a0Deluxe Easter Basket BOM Lead Time On-Hand \u00a0Deluxe Easter Basket 1 week 10 \u00a0Dark Chocolate Truffles (2 per) 2 weeks 30 \u00a0Carved Chocolate Eggs (4 per) 1 week 50 \u00a0________________________________________ \u00a0Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs. \u00a0What is the net requirement for dark chocolate truffles to fill this order? \u00a0\u00a0 100 \u00a0\u00a0 140 \u00a0\u00a0 150 \u00a0\u00a0 180 \u00a0\u00a0 200 3 points \u00a0\u00a0\u00a0Question 17 \u00a0\u00a0\u00a0In MRP, scheduled receipts are: \u00a0\u00a0 identical to planned-order receipts. \u00a0\u00a0 identical to planned-order releases. \u00a0\u00a0 open orders (that is, ordered before the first time bucket, but not delivered yet). \u00a0\u00a0 net requirements. \u00a0\u00a0 available-to-promise inventory. 3 points \u00a0\u00a0\u00a0Question 18 \u00a0\u00a0\u00a0Which is true of a net-change system? \u00a0\u00a0 It is a batch-type system which is updated periodically. \u00a0\u00a0 It is usually run at the beginning of each month. \u00a0\u00a0 The production plan is modified to reflect changes as they occur \u00a0\u00a0 It is used to authorize the execution of planned orders. \u00a0\u00a0 It indicates the amount and timing of future changes. 3 points \u00a0\u00a0\u00a0Question 19 \u00a0\u00a0\u00a0The MRP input listing the assemblies, subassemblies, parts, and raw materials needed to produce one unit of finished product is the: \u00a0\u00a0 master production schedule. \u00a0\u00a0 bill of materials. \u00a0\u00a0 inventory records. \u00a0\u00a0 assembly time chart. \u00a0\u00a0 net requirements chart. 3 points \u00a0\u00a0\u00a0Question 20 \u00a0\u00a0\u00a0Bunny Helpers, Inc., has just received an order for 100 Deluxe Easter Baskets, which must be ready for delivery at the start of week 6. An MRP planner has prepared the following table showing product structure, lead times (orders are lot-for-lot), and quantities on hand: \u00a0\u00a0Deluxe Easter Basket BOM Lead Time On-Hand \u00a0Deluxe Easter Basket 1 week 10 \u00a0Dark Chocolate Truffles (2 per) 2 weeks 30 \u00a0Carved Chocolate Eggs (4 per) 1 week 50 \u00a0________________________________________ \u00a0Each Deluxe Basket contains two dark chocolate truffles and four carved chocolate eggs. \u00a0\u00a0If the firm is using a fixed-period lot size of two periods, what is the order size for the first order? \u00a0\u00a0 120 \u00a0\u00a0 200 \u00a0\u00a0 280 \u00a0\u00a0 160 \u00a0\u00a0 150 3 points \u00a0\u00a0\u00a0Question 21 \u00a0\u00a0\u00a0Quality of design refers to the intention of the designers to include or exclude certain features in a product or service based on marketing and other information. \u00a0True \u00a0\u00a0False \u00a03 points \u00a0\u00a0\u00a0Question 22 \u00a0\u00a0\u00a0A lower control limit must by definition be a value less than an upper control limit. \u00a0True \u00a0\u00a0False \u00a03 points \u00a0\u00a0\u00a0Question 23 \u00a0\u00a0\u00a0Ultimately the overriding factor in choosing a strategy in aggregate planning is overall cost. \u00a0True \u00a0\u00a0False \u00a03 points \u00a0\u00a0\u00a0Question 24 \u00a0\u00a0\u00a0Lumpy demand for components results primarily from the periodic scheduling of batch production. \u00a0True \u00a0\u00a0False \u00a03 points \u00a0\u00a0\u00a0Question 25 \u00a0\u00a0\u00a0The gross requirements value for any given component is equal to the net requirements of that component’s immediate parent multiplied by the quantity per parent. \u00a0True \u00a0\u00a0False<\/p>\n<\/div>\n<\/div>\n<\/div>\n

<\/div>\n<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Business Finance Question 1 \u00a0\u00a0\u00a0In addition to correcting substandard work, employees have an ethical obligation to __________ the quality problem as well. \u00a0\u00a0 prevent \u00a0\u00a0 offset \u00a0\u00a0 report \u00a0\u00a0 standardize \u00a0\u00a0 redesign 3 points \u00a0\u00a0\u00a0Question 2 \u00a0\u00a0\u00a0ISO 9000 currently stresses Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-436653","post","type-post","status-publish","format-standard","hentry","category-essay-paper-writing"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/436653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=436653"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/436653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=436653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=436653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=436653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}