Course 202120 Spring 2021 BUSI 611-D01 LUO
Test Quiz: Productivity and Operational Planning
Started 4/29/21 7:42 PM
Submitted 4/29/21 7:54 PM
Due Date 5/2/21 11:59 PM
Status Completed
Attempt Score 28 out of 30 points
Time Elapsed 11 minutes out of 30 minutes
Instructions
Time limit: 30 minutes
15 multiple-choice questions
Open-book/open-notes
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the quiz.
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Results
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•
Question 1
Shrinkage is calculated using which of these formulas?
2 out of 2 points
Selected
Answer:
(Total book value - Observed
value) / Inventory
•
Question 2
Regardless of the method of inventory costing chosen, the value has to follow the
2 out of 2 points
“conservative” principle of accounting, which states inventory should be valued at the lower
of cost or market
Selected
Answer:
Tru
e
•
Question 3
2 out of 2 points
Timelines are extremely important for projects as they define expectations for occurrence of
events or consumption of resources
Selected
Answer:
Tru
e
•
Question 4
Performance metrics should focus on:
2 out of 2 points
Selected
Answer:
All areas of the
business
•
Question 5
At a minimum, a hospital inventory policy will include all of the following except:
2 out of 2 points
Selected
Answer:
What physicians are allowed to make supply
recommendations
•
Question 6
2 out of 2 points
Examples of projects for healthcare operations management include all but which of the
following?
Selected
Answer:
Replacement of a damaged view screen in a picture archiving and
communication system
•
Question 7
2 out of 2 points
From an operations perspective, inventory represents a margin of safety to protect the
business from unpredictable levels of demand
Selected
Answer:
Tru
e
•
Question 8
Return on Inventory is calculated using which of these formulas?
2 out of 2 points
Selected
Answer:
Net income
/Inventory
•
Question 9
2 out of 2 points
Complex projects have about a 50% chance of successful implementation and achievement
of goals
Selected
Answer:
Tru
e
•
Question 10
Market differentiation for hospitals entails:
2 out of 2 points
Selected
Answer:
Identifying a unique competitive
position
•
Question 11
Fear of change is a common obstacle to change in a healthcare organization
0 out of 2 points
Selected
Answer:
Fals
e
•
Question 12
Which of the following is a key to success in a hospital project?
Selected
Project sponsor with ability to provide resources and
2 out of 2 points
Answer:
clear obstacles
•
Question 13
2 out of 2 points
Perpetual inventory systems have an unfortunate risk of increasing the probability of
stockouts
Selected
Answer:
Fals
e
•
Question 14
2 out of 2 points
Safety stock defines those items held in inventory to address life safety dangers or natural
disasters
Selected
Answer:
Fals
e
•
Question 15
2 out of 2 points
Operational managers can have a large proportion of their work consumed in projects
Selected
Answer:
Tru
e
