Exam 3 Key F - EXAMINATION 3 Version F Use a Scantron Form...

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EXAMINATION 3, Version F Use a Scantron Form No. 886-E to record your choice of the best answer to each of the following questions. You have the full period to answer the questions. The following questions are worth three (3) points each . 1. Inventory management is a key component of effective supply chain performance. a) True b) False 2. Manufacturing’s cost efficiency is not affected by inventory decisions. a) True b) False 3. When a company’s product is nontangible (a service), inventory is no longer a viable option. a) True b) False 4. MRP develops a time-phased schedule that shows future demand, supply and inventories by time period. a) True b) False 5. Makespan has a link to customer due dates. a) True b) False 6. Precedence relationships structure the sequencing of activities. a) True b) False 7. Hand tools, lubricants, and cleaning supplies are usually examples of what? a) WIP inventory b) finished goods inventory c) raw materials inventory d) distribution inventory e) MRO inventory 8. What costs are considered in the basic EOQ model? a) annual ordering costs + annual holding costs b) annual purchasing costs + annual holding costs c) annual ordering costs + annual holding costs + annual shortage costs d) annual purchasing costs + annual ordering costs + annual holding costs + annual shortage costs e) ordering costs per order + annual holding costs 9. What costs are considered in the quantity discount model? a) annual ordering costs + annual holding costs b) annual purchasing costs + annual holding costs + annual ordering costs c) annual ordering costs + annual holding costs + annual shortage costs d. annual purchasing costs + annual ordering costs + annual holding costs + annual shortage costs
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Exam 3 Key F - EXAMINATION 3 Version F Use a Scantron Form...

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