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APICS Certified in Production and Inventory Management Sample Questions (Q50-Q55):

NEW QUESTION # 50
The planning horizon is usually and is reviewed perhaps .

A. 8-12 months, each month
B. 5-8 months, each quarter
C. None of these
D. 6-8 months, each month or quarter

Answer: D

NEW QUESTION # 51
The formula to calculate the period-order quantity is:

A. Period-order quantity = EOQ / average yearly usage
B. Period-order quantity = EOQ * average monthly usage
C. Period-order quantity = EOQ / average weekly usage Where EOQ is Economic-Order- Quantity
D. Period-order quantity = EOQ / average monthly usage

Answer: C

NEW QUESTION # 52
The movement and storage of goods from suppliers to manufacturing is known as:

A. Trading
B. Goods Flow
C. Distribution
D. Physical supply

Answer: D

NEW QUESTION # 53
The product structure file:

A. None of these
B. Contains a list of single-level components and quantities needed to assemble
C. Both of these
D. Forms a basis fro a parent pick list.

Answer: C

NEW QUESTION # 54
What is responsible for executing the master production schedule and the material requirements plan?

A. Master production plan
B. Standard production
C. Production activity control
D. Production requirement plan

Answer: C

NEW QUESTION # 55
......

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