- Medro And His Sister Mariana Both Graduated From Gust With A Degree In Business Administration Their Friend Liliana 1 (107.84 KiB) Viewed 71 times
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ONE-LINE EXPLANATION OF ALL THESE ANSWERS.
Medro, and his sister Mariana both graduated from GUST with a degree in Business Administration. Their friend, Liliana, also graduated from GUST. Their dream was to open a coffee shop in which they will serve coffee, sandwiches, cheesecake, free wi-fi, free delivery, invite guest speakers every Friday night to deliver beneficial talks, and sale make-a-difference books. They opened the coffee shop and called it (M&M). The questions in this exam are related to (M&M).
1 Medro & Mariana decided one day that they would not buy the bread they use to make their sandwiches from the bakery they have always bought from. They decided they would learn to make their own bread in a fire-wood oven. They realized that not every wood was best for such ovens and that they would have to buy the wood from Turkey in large quantities. Fire wood for (M&M) is considered a type of: (4 Points) a. raw material inventory b. component inventory c. work-in-process inventory d. MRO inventory e. transportation inventory
2 One day Medro and Mariana's, Liliana, was eating a sandwich. She really liked the mustard Juill they use in the sandwich. Medro told her: “the supplier we buy the mustard from always offers great discounts but cannot guarantee a fixed lead time. Therefore, we don't really know how much to order." Liliana immediately said I SI: “just use the Basic EOQ model to determine the optimal order quantity and reorder point for the mustard, and your problem will be solved." (4 Points) a. Liliana's suggestion is a good one b. Liliana's suggestion should not be used
3 Medro suggested to Mariana the following. He said: “Mariana, you know how to make high-protein balls, let us sell them near the cashier. You can make say 4 dozen balls at one time, place 2 dozens in a bowl near the cashier and keep the other 2 dozens in another bowl in the kitchen. When the bowl near the cashier is empty, we send the empty bowl to the kitchen and bring the other 2 dozens in their bowl and then schedule for the production of 4 more dozens." Medro is describing a: (4 Points) a. periodic review system for inventory management b. 2-bin system for inventory management O c. pipe-line inventory system O d. buffer-stock inventory system e. perpetual inventory system
4 Medro & Mariana sat one day studying the work flow of their business. They noticed that after the orders are prepared for the customers, they sit in the kitchen for 5 minutes waiting for inspection and approval before they are taken to the customer's table. They realized this is because the staff are not organized in the way they work. These orders that are waiting to be inspected and approved are called: (4 Points) a. distribution inventory b. API inventory c. work-in-process inventory d. MRO inventory e. components inventory
5 Oา . Medro & Mariana's friend, Liliana, زنجبيل invested in a plant that produces soda water packed in boxes. . The company operates 365 days a year . The yearly demand of a supermarket in Dubai for their Junij soda water is = 7300 boxes . They ship the Junij soda water boxes from the plant to this big supermarket using trucks. . The transit time is 2 days What is average transportation inventory equal to? (4 Points) O a. 7300 boxes O b. 20 boxes c. 6935 boxes d. 365 boxes e. 40 boxes
6 . Liliana was looking at the following information based on last year's sales for her bij soda water plant: . Last year the cost of goods sold was 1,000,000 KD . The average inventory in KD was 100,000 KD 1 What was her inventory turn over last year? (4 Points) a. 1,000,000 turns b. 100,000 turns c. 10 turns O d. 0.1 turns e. not enough information to answer the question