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IN THE MOBILE PHONE MARKET: THE NIGERIAN, Business Intelligence Jour nal

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Examination Paper of Semester IVIIBM Institute of Business ManagementSemester-IVExamination PaperMM.100Production Planning & ControlSection A: Objective Type (30 marks)This section consists of Multiple Choice questions & Short Answer type questions. Answer all the questions. Part one questions carry 1 mark each & Part Two questions carry 5 marks each. Part One:Multiple Choices:1. Buffer inventory is also called a. Inventory stock b. Safety stock c. Transit stock d. Buffer stock 2. Qualitative forecasting is a. Intrinsic forecast b. Forecasts that are generated from information that does not have a well defined analytic structure c. Based on random pattern d. None of the above 3. Approach of Cycle counting in Inventory management in which the inventory item likely to be low when new items are received a. Zone system b. Transaction system c. Receiver system d. Negative system 4. Total needed quality on week by basis is a. Net requirements b. Gross requirement c. Master Schedule d. None of the above 5. Transit inventory is a. Inventory that is purposely placed between operations to allow them to operate independently of o

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