Question 1

To create a production schedule,information needs to be extracted from:

Accepted Answer

A) the production schedule database and the finished goods inventory database 
B) the production schedule database and the bill of materials database 
C) the raw materials inventory database and the production schedule database 
D) the bill of materials database and the raw materials inventory database 
A) the production schedule database and the finished goods inventory database 
B) the production schedule database and the bill of materials database 
C) the raw materials inventory database and the production schedule database 
D) the bill of materials database and the raw materials inventory database

Question 2

How often should production-related decisions be made? Give at least two examples.

Accepted Answer

There are a range of production-related

Question 3

During the production cycle,a bill of materials must be created for each product based on data obtained from:

Accepted Answer

A) the raw material inventory and the production schedule 
B) production sequence and the product specification 
C) the raw material inventory and the product specification 
D) production sequence and the production schedule 
A) the raw material inventory and the production schedule 
B) production sequence and the product specification 
C) the raw material inventory and the product specification 
D) production sequence and the production schedule

Question 4

Which of the following does not concern inventory management?

Accepted Answer

A) FMS 
B) Agile manufacturing 
C) JIT 
D) CAD 
A) FMS 
B) Agile manufacturing 
C) JIT 
D) CAD

Question 5

What are the two systems that are closely associated with product design?

Accepted Answer

A) ABC and FMS 
B) CAM and CAD 
C) CAM and ABC 
D) FMS and CAD 
A) ABC and FMS 
B) CAM and CAD 
C) CAM and ABC 
D) FMS and CAD

Question 6

The document that serves to authorise the store to release the raw materials and work-in-process inventory to the production department is:

Accepted Answer

A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule 
A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule

Question 7

When checking and assembling required resources prior to starting production,________ are needed.

Accepted Answer

A) production schedule,bill of materials,and work-in-progress data 
B) production schedule,bill of materials,and inventory and labour data 
C) bill of materials,work-in-progress data,and inventory and labour data 
D) None of the options are correct. 
A) production schedule,bill of materials,and work-in-progress data 
B) production schedule,bill of materials,and inventory and labour data 
C) bill of materials,work-in-progress data,and inventory and labour data 
D) None of the options are correct.

Question 8

The document that details the raw material and work-in-process that is required to produce the finished good is:

Accepted Answer

A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule 
A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule

Question 9

The report that identifies all new designs created but not actioned within a reasonable period of time in the production cycle is:

Accepted Answer

A) a production planning and control report 
B) an exception report 
C) a product costing report 
D) a production requirement report 
A) a production planning and control report 
B) an exception report 
C) a product costing report 
D) a production requirement report

Question 10

The document that details the machines and employees who will be involved in each stage of production is:

Accepted Answer

A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule 
A) Bill of material 
B) Work order 
C) Material requisition 
D) Production schedule

Question 11

List at least six KPI that can be used to measure the objective "To ensure all production runs are accurately scheduled,conducted,recorded and costed".

Accepted Answer

Number of quality complaints
Number of r

Question 12

The production cycle starts with:

Accepted Answer

A) production schedule planning 
B) product costing 
C) product production requirement determination 
D) product production 
A) production schedule planning 
B) product costing 
C) product production requirement determination 
D) product production

Question 13

Which of the following is not helpful to reduce risks around incorrect cost allocations?

Accepted Answer

A) Use appropriate overhead allocation algorithms. 
B) Independent review and approval of overhead cost allocations. 
C) Use technologies such as bar code or RFID to support accurate and timely tracking and recording of inventor movements. 
D) Insist on using activity-based costing. 
A) Use appropriate overhead allocation algorithms. 
B) Independent review and approval of overhead cost allocations. 
C) Use technologies such as bar code or RFID to support accurate and timely tracking and recording of inventor movements. 
D) Insist on using activity-based costing.

Question 14

Which of the following is less likely to be a product level decision during the production cycle?

Accepted Answer

A) Material requirements. 
B) Labour requirements. 
C) Equipment requirements. 
D) Customer specification requirements. 
A) Material requirements. 
B) Labour requirements. 
C) Equipment requirements. 
D) Customer specification requirements.

Question 15

Failing to accurately execute production plans can lead to: (i)undersupply issue for finished goods (ii)undersupply issues for raw materials inventories (iii)oversupply issue for finished goods (iv)oversupply issues for raw materials inventories.

Accepted Answer

A) (i)(ii)only 
B) (iii)(iv)only 
C) (i)(iv)only 
D) (i)(ii)(iii)(iv) 
A) (i)(ii)only 
B) (iii)(iv)only 
C) (i)(iv)only 
D) (i)(ii)(iii)(iv)

Question 16

A specialised software that is used to calculate demand for products,and identify the raw materials required to produce those products is:

Accepted Answer

A) MRP 
B) CAM 
C) RFID 
D) JIT 
A) MRP 
B) CAM 
C) RFID 
D) JIT

Question 17

Product planning staff use data from ________ to create a bill of materials.

Accepted Answer

A) customer order and sales order 
B) product specification and raw materials inventory data 
C) production schedule and product costing data 
D) None of the options are correct. 
A) customer order and sales order 
B) product specification and raw materials inventory data 
C) production schedule and product costing data 
D) None of the options are correct.

Question 18

What is the objective of the planning phase in the production cycle?

Accepted Answer

The front-end of the production cycle is

Question 19

What are the two systems that are closely associated with inventory maintenance?

Accepted Answer

A) FMS and JIT 
B) CAD and CAM 
C) ABC and JIT 
D) ABC and CAM 
A) FMS and JIT 
B) CAD and CAM 
C) ABC and JIT 
D) ABC and CAM

Question 20

The risk of having to shut down production because of manufacturing machine failure can be minimised using which of the following:

Accepted Answer

A) Installing an uninterrupted power supply (UPS) 
B) Performing regular planned maintenance and replacement 
C) Reducing the number of items produced in a production cycle 
D) Restricting access to the production area 
A) Installing an uninterrupted power supply (UPS) 
B) Performing regular planned maintenance and replacement 
C) Reducing the number of items produced in a production cycle 
D) Restricting access to the production area

To create a production schedule,information needs to be extracted from:

How often should production-related decisions be made? Give at least two examples.

During the production cycle,a bill of materials must be created for each product based on data obtained from:

Which of the following does not concern inventory management?

What are the two systems that are closely associated with product design?

The document that serves to authorise the store to release the raw materials and work-in-process inventory to the production department is:

When checking and assembling required resources prior to starting production,________ are needed.

The document that details the raw material and work-in-process that is required to produce the finished good is:

The report that identifies all new designs created but not actioned within a reasonable period of time in the production cycle is:

The document that details the machines and employees who will be involved in each stage of production is:

List at least six KPI that can be used to measure the objective "To ensure all production runs are accurately scheduled,conducted,recorded and costed".

The production cycle starts with:

Which of the following is not helpful to reduce risks around incorrect cost allocations?

Which of the following is less likely to be a product level decision during the production cycle?

Failing to accurately execute production plans can lead to: (i)undersupply issue for finished goods (ii)undersupply issues for raw materials inventories (iii)oversupply issue for finished goods (iv)oversupply issues for raw materials inventories.

A specialised software that is used to calculate demand for products,and identify the raw materials required to produce those products is:

Product planning staff use data from ________ to create a bill of materials.

What is the objective of the planning phase in the production cycle?

What are the two systems that are closely associated with inventory maintenance?

The risk of having to shut down production because of manufacturing machine failure can be minimised using which of the following:

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

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

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

Filters

Exam 11: Transaction Cycle The Production Cycle

To create a production schedule,information needs to be extracted from:

How often should production-related decisions be made? Give at least two examples.

During the production cycle,a bill of materials must be created for each product based on data obtained from:

Which of the following does not concern inventory management?

What are the two systems that are closely associated with product design?

The document that serves to authorise the store to release the raw materials and work-in-process inventory to the production department is:

When checking and assembling required resources prior to starting production,________ are needed.

The document that details the raw material and work-in-process that is required to produce the finished good is:

The report that identifies all new designs created but not actioned within a reasonable period of time in the production cycle is:

The document that details the machines and employees who will be involved in each stage of production is:

List at least six KPI that can be used to measure the objective "To ensure all production runs are accurately scheduled,conducted,recorded and costed".

The production cycle starts with:

Which of the following is not helpful to reduce risks around incorrect cost allocations?

Which of the following is less likely to be a product level decision during the production cycle?

Failing to accurately execute production plans can lead to: (i)undersupply issue for finished goods (ii)undersupply issues for raw materials inventories (iii)oversupply issue for finished goods (iv)oversupply issues for raw materials inventories.

A specialised software that is used to calculate demand for products,and identify the raw materials required to produce those products is:

Product planning staff use data from ________ to create a bill of materials.

What is the objective of the planning phase in the production cycle?

What are the two systems that are closely associated with inventory maintenance?

The risk of having to shut down production because of manufacturing machine failure can be minimised using which of the following:

Systems Fundamentals

Systems Characteristics and Considerations

Database Concepts I

Database Concepts II

XBRL Reporting

System Mapping and Documentation

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

Systems Development

Auditing of Accounting Information Systems

Ethics, fraud and Computer Crime

Filters