A) is an evidence of purchases B) is a binding contract between the firm and the vendor C) is prepared by the purchasing department D) All of the options are correct. A) is an evidence of purchases B) is a binding contract between the firm and the vendor C) is prepared by the purchasing department D) All of the options are correct.

Exam 11: Transaction Cycle The Production Cycle

Which of the following is unlikely to be a KPI used to measure the objective "To ensure all production runs are accurately scheduled,conducted,recorded and costed"?

(Multiple Choice)

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Question 21

Which of the following is an unlikely task overseen by the director of logistics?

(Multiple Choice)

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Question 22

The objective of the planning phase in the production cycle is to:

(Multiple Choice)

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Question 23

Staff involved in execution phase in the production cycle need to: (i)understand the requirements and the nature of the execution plans devised (ii)have the ability to manage the execution plans (iii)the overall goals relating to future production scheduling (iv)the overall constraints relating to future production scheduling

(Multiple Choice)

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Question 24

How does the flexible manufacturing system (FMS)help in reducing the risk of under or overestimated product demand?

(Essay)

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Question 25

Which of the following factors is not relevant to the decision about which inventory management technique to employ?

(Multiple Choice)

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Question 26

A company does a forecast of which products will be sold over the next 12 months.The forecast is used to produce a plan that will ensure that there are sufficient finished goods to meet demand.What is this plan called?

(Multiple Choice)

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Question 27

Forecasted demand for products can be received from the revenue cycle,where it is calculated based on previous sales history.This document is called:

(Multiple Choice)

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Question 28

Flexible manufacturing systems are used:

(Multiple Choice)

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Question 29

The purchase order:

(Multiple Choice)

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Question 30

The production cycle describes the stage when physical products are manufactured.Which of the following technologies automates control of the manufacturing process?

(Multiple Choice)

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Question 31

Which of the following best describes the execution phase of the production cycle?

(Multiple Choice)

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Question 32

The following process business decisions must be made during the production cycle EXCEPT:

(Multiple Choice)

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Question 33

In the production cycle,there is a document that details the manufacturing costs related to the manufacture of a finished good.This document is:

(Multiple Choice)

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Question 34

Give at least three examples of product level decisions in the production cycle.

(Essay)

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Question 35

What is the objective of the execution phase in the production cycle? What happens if errors occur in the execution phase?

(Essay)

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Question 36

The document that details when the raw materials will be used,when the work-in-process goods will be stored and finally when the finished goods will be available at the end of the production process is:

(Multiple Choice)

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Question 37

The primary responsibility of the production cycle is to ensure that:

(Multiple Choice)

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Question 38

An example of a suitable key performance indicator (KPI)for the objective of ensuring that production runs are efficiently conducted is:

(Multiple Choice)

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Question 39

Typical risks encountered in planning the production schedule include

(Multiple Choice)

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Question 40

Showing 21 - 40 of 60

Which of the following is unlikely to be a KPI used to measure the objective "To ensure all production runs are accurately scheduled,conducted,recorded and costed"?

Which of the following is an unlikely task overseen by the director of logistics?

The objective of the planning phase in the production cycle is to:

How does the flexible manufacturing system (FMS)help in reducing the risk of under or overestimated product demand?

Which of the following factors is not relevant to the decision about which inventory management technique to employ?

A company does a forecast of which products will be sold over the next 12 months.The forecast is used to produce a plan that will ensure that there are sufficient finished goods to meet demand.What is this plan called?

Forecasted demand for products can be received from the revenue cycle,where it is calculated based on previous sales history.This document is called:

Flexible manufacturing systems are used:

The purchase order:

The production cycle describes the stage when physical products are manufactured.Which of the following technologies automates control of the manufacturing process?

Which of the following best describes the execution phase of the production cycle?

The following process business decisions must be made during the production cycle EXCEPT:

In the production cycle,there is a document that details the manufacturing costs related to the manufacture of a finished good.This document is:

Give at least three examples of product level decisions in the production cycle.

What is the objective of the execution phase in the production cycle? What happens if errors occur in the execution phase?

The document that details when the raw materials will be used,when the work-in-process goods will be stored and finally when the finished goods will be available at the end of the production process is:

The primary responsibility of the production cycle is to ensure that:

An example of a suitable key performance indicator (KPI)for the objective of ensuring that production runs are efficiently conducted is:

Typical risks encountered in planning the production schedule include

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

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Internal Controls I

Internal Controls II

Transaction Cycle The Revenue Cycle

Transaction Cycle The Expenditure Cycle

Transaction Cycle The HR Management and Payroll Cycle

Transaction Cycle The General Ledger and Financial Reporting Cycle

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Auditing of Accounting Information Systems

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