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Certified in Production and Inventory Management Questions 56–60 (page: 13)

Updated On: 9-Feb-2026

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QUESTION: 56

Strategic business plans are usually reviewed

After each quarter
Every six months to a year
After five years
Both A and B

Answer(s): B

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QUESTION: 57

The level of detail in strategic business plan is:

Not so high
Concerned with general market and production requirements
Both of these
None of these

Answer(s): C

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QUESTION: 58

Production management is concerned with:

The quantities of each production group that must be produced in each period \
The desired inventory levels
The resources of equipment, labor, and material needed in each period, and the availability of the resources needed
All of these

Answer(s): D

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QUESTION: 59

For effective planning:

There must be a balance between priority and capacity
Priority should be given more importance than capacity
Capacity should be given more importance than priority
None of these

Answer(s): A

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QUESTION: 60

The planning horizon is usually________ and is reviewed perhaps_________ .

8-12 months, each month
5-8 months, each quarter
6-8 months, each month or quarter
None of these

Answer(s): C

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