17776762_1458222130895517_1744291160_o.jpg - Name IDS355 Midterm2 Multiple choice questions are worth 4 points each 1 In a company's legal department

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Unformatted text preview: Name: IDS355 Midterm2 Multiple choice questions are worth 4 points each 1. In a company's legal department, boxes of paperclips on hand are counted every Wednesday. This is an example of a. inventory system. A. perpetual B. sales-driven C. transitive D. circular E. periodic 2. In the A-B-C inventory model, the category C items are typically: A. stored in larger numbers than category A items B. more expensive than category A items C. not included in inventory totals D. all of the above E. none of the above 3. In regard to inventory management, UPC stands for: A. A. Universal Product Code B. B. Unscheduled Periodic Checks C. C. Universal Processing Center D. D. Unscheduled Production Capacity E. E. Unused Processing Capabilities 4. The single-period inventory model balances the costs of and A. A. shortages; excesses B. B. shortages; storage C. C. ordering; storage D. D. ordering; excesses E. E. none of the above 5. An electronics manufacturer requires resistors to make circuit boards. Its resistor supplier only delivers them once a week, every Wednesday morning. Which model should the manufacturer use to order inventory? A. A. single period B. B. fixed order interval C. C. variable depletion D. D. flexible scheduling E. E. economic production quantity 6. In regard to an operation's capacity, which of the following statements is true? A. Design capacity > effective capacity B. Effective capacity 2 design capacity C. Utilization 2 efficiency D. Efficiency 2 utilization E. Both A and D are true. The next three questions use the following Demand...
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