Course BUSI 611
Test Quiz: Productivity and Operational
Planning
Status Completed
Attempt
Score
30 out of 30 points
•
Question 1
2 out of 2 points
Inventory accounting errors generally should correct themselves in the subsequent accounting
period
Selected
Answer:
Tru
e
•
Question 2
Fear of change is a common obstacle to change in a healthcare organization
2 out of 2 points
Selected
Answer:
Tru
e
•
Question 3
2 out of 2 points
Perpetual inventory systems have an unfortunate risk of increasing the probability of
stockouts
Selected
Answer:
Fals
e
•
Question 4
2 out of 2 points
Inventory from an accounting perspective is the amount of open supply invoices in accounts
payable
Selected
Answer:
Fals
e
•
Question 5
2 out of 2 points
Regardless of the method of inventory costing chosen, the value has to follow the
“conservative” principle of accounting, which states inventory should be valued at the lower
of cost or market
Selected
Answer:
Tru
e
•
Question 6
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 7
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 8
Which of the following factor that causes projects to fail?
2 out of 2 points
Selected
Answer:
•
Question 9
Delays and excessive
implementation times
2 out of 2 points
Market differentiation for hospitals entails:
Selected
Answer:
Identifying a unique competitive
position
•
Question 10
2 out of 2 points
Projects are ongoing efforts in a healthcare organization, having an indeterminate end date.
Selected
Answer:
Fals
e
•
Question 11
Return on Inventory is calculated using which of these formulas?
2 out of 2 points
Selected
Answer:
Net income
/Inventory
•
Question 12
2 out of 2 points
Complex projects have about a 50% chance of successful implementation and achievement of
goals
Selected
Answer:
Tru
e
•
Question 13
2 out of 2 points
Projects involving physicians or medical staff usually include their active and early
participation
Selected
Answer:
Fals
e
•
Question 14
Performance metrics should focus on:
2 out of 2 points
Selected
Answer:
All areas of the
business
•
Question 15
Shrinkage is calculated using which of these formulas?
2 out of 2 points
Selected
Answer:
(Total book value - Observed
value) / Inventory
