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Managing Finance in a Digital World Questions and Answers

Question 69

Material requirements planning (MRP I) and manufacturing resource planning (MRP II) are computerised systems used for planning the requirements for raw materials, work-in-progress and finished items and integrating with other production processes. These systems enable strong relationships to be forged with suppliers as orders can be placed with suppliers in good time to fulfill customer requirements and expectations, as well as other processes related to materials planning. Which of the following specifically can MRP I and MRP II NOT assist with?

Options:

Financial requirements planning

Equipment utilisation planning

Decision support planning

Labour schedule planning

Question 70

The growth and success of virtual teams have been a result of which THREE developments becoming available to organisations?

Options:

Computer-aided design processes

Accurate systems of inventory management

Safe transfer of funds electronically

Remote on-line meetings

Electronic information sharing

Efficient broadband connections

Question 71

Which THREE of the following are characteristics of undifferentiated marketing?

Options:

Having little concern for segmentation

Specialising in one or two identified markets

Delivering a single product to the entire market

Producing several products each aimed at different segments

Aiming to attract as many customers as possible to buy the product

Selecting the most lucrative markets

Question 72

Which of the following is NOT an element of the EOQ (Economic Order Quantity) equation?

Options:

Total purchases per year

Total ordering cost per order

Total inventory cost per year

The reorder quantity

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Managing Finance in a Digital World Questions and Answers

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CompTIA

Fortinet

Microsoft

Salesforce