Lesson 17 Inventory Management Q&A Random Selection12

Lesson 17 Inventory Management Q&A Random Selection12 -...

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table index nbr 2 # Questions 37 Rand # Question Rand() 1 2 3 4 5 1 2 #VALUE! 0.80327961 Lesson Question Nbr Prob Question Nbr Prob 2 60 60 0.027027 2 61 61 0.027027 2 62 62 0.027027 2 63 63 0.027027 2 64 64 0.027027 2 65 65 0.027027 2 66 66 0.027027 2 67 67 0.027027 2 68 68 0.027027 2 69 69 0.027027 2 70 70 0.027027 2 71 71 0.027027 2 73 73 0.027027 2 74 74 0.027027 2 75 75 0.027027 2 76 76 0.027027 2 77 77 0.027027 2 78 78 0.027027 2 79 79 0.027027 2 80 80 0.027027 2 81 81 0.027027 2 83 83 0.027027 2 84 84 0.027027 2 85 85 0.027027 2 86 86 0.027027 2 87 87 0.027027 2 88 88 0.027027 2 89 89 0.027027 2 99 99 0.027027 2 100 100 0.027027 2 101 101 0.027027 2 102 102 0.027027 2 103 103 0.027027 2 104 104 0.027027 2 105 105 0.027027 2 107 107 0.027027 2 108 108 0.027027 XON 60. Which of the fol owing is not one of the assumptions of the basic EOQ model? A. Annual demand requirements are known and constant. B. Lead time does not vary. C. Each order is received in a single delivery. D. Quantity discounts are available. E. Al of the above are necessary assumptions. 61. Which is an application for RFID tags? A. Monitoring the temperature of fruit during shipment B. Measuring the urine output of hospital patients C. Adjusting medications for diabetics D. Assessing audience response to a new movie E. Estimating the results of a political election 62. A non-linear cost related to order size is the cost of . . A. interest B. insurance C. taxes D. receiving E. space 63. In a two-bin inventory system, the amount contained in the second bin is equal to the: A. ROP B. EOQ C. amount in the first bin D. optimum stocking level E. safety stock 64. When car ying costs are stated as a percentage of unit price, the minimum points on the total cost curves . . A. Line up B. Equal zero C. Do not line up D. Cannot be calculated E. Depend on the percentage assigned 65. Dairy items, fresh fruit and newspapers are items that: A. do not require safety stocks B. cannot be ordered in large quantities C. are subject to deterioration and spoilage D. require that prices be lowered every two days E. have minimal holding costs 66. Which is not included in order costs? A. processing vendor invoices for payment B. moving delivered goods to temporary storage C. inspecting incoming goods for quantity D. taking an inventory to determine how much is needed E. temporary storage of delivered goods 67. In an A-B-C system, the typical percentage of the number of items in inventory for
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Lesson 17 Inventory Management Q&A Random Selection12 -...

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