1. Which of the following processes ensures that functional plans are consistent?

A) Strategic planning
B) Sales and operations planning
C) Project planning
D) Master scheduling



2. The implementation of major enterprise-wide changes to eliminate or significantly reduce waste is related to which of the following concepts?

A) Kaizen
B) Kanban
C) Six Sigma
D) Lean



3. An advanced planning system differs primarily from enterprise resources planning by:

A) optimizing operations scheduling.
B) translating plans into action.
C) concentrating on production.
D) linking to the transportation management system.



4. A company that is effectively managing its cash will have which of the following conditions?

A) Low accounts receivable, low inventory, high accounts payable
B) High accounts receivable, low inventory, high accounts payable
C) Low accounts receivable, high inventory, low accounts payable
D) High accounts receivable, high inventory, low accounts payable



5. A juice manufacturer wants to determine the time required to convert a dollar spent on materials into a dollar received in sales. Which of the following metrics would be most appropriate to make this determination?

A) Activity-based costing
B) Inventory carrying cost
C) Cash-to-cash cycle time
D) Average financial turnover