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Question No 1

Which of the following items can be classed as inventory? Select THREE

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Question No 2

Which of the following statements about Sales and Operations Planning (S&OP) are TRUE? Select TWO

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It is a process of planning future aggregate resource levels so that supply will balance with demand

It is a fundamental financial plan to ensure business profitability in relation to supply and demand

It is a cross - functional activity

Competitors’ behaviour is not accounted for in Sales and Operations Planning

Question No 3

Various business functions complete different controlling activities. Which control activity would be completed by the Distribution function?

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Question No 4

Which of the following is a commonly used indicator for measuring capacity and manufacturing productivity and is usually expressed as the percentage of time a machine is truly productive?

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Question No 5

Strategic planning is long - term planning, usually over 5 – 10 years in the future. Is this sentence correct?

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Yes — the longer the strategic plan, the less detail it will include

Yes — strategic plans have more detail than short - term plans

No — long - term plans are tactical rather than strategic

No — strategic plans detail the objectives of the organisation over the upcoming year

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