Question 1

Describe the ABC inventory matrix, and how is it used to manage inventory.

Accepted Answer

An ABC inventory matrix is used to assis...

Question 2

____, such as lubricants for machines, are used in the production process, but do not become parts of the final products.

Accepted Answer

A)  Raw materials
B)  Work-in-process
C)  Maintenance, repair and operating supplies
D)  Finished goods
E)  Cycle stock

Question 3

Use the graph below to answer the question(s) . 
-In the ABC Inventory Matrix, inventory in area Z suggests

Accepted Answer

A)  under-stocked A and B items.
B)  under-stocked B and C items.
C)  overstocked A and B items.
D)  over-stocked B and C items.
E)  inventory matches sales.

Question 4

An RFID reader does not require direct line of sight to read the information stored in an RFID tag.

Accepted Answer

A) True 
 B)False

Question 5

Which of the following is not an assumption of the economic order quantity model?

Accepted Answer

A)  Demand is known, constant, and independent.
B)  Lead time is known and constant.
C)  Quantity discounts are not possible.
D)  Production and use can occur simultaneously.
E)  The only variable costs are setup cost and holding (or carrying)  cost.

Question 6

Relaxing the instantaneous replenishment assumption of the EOQ model results in the Economic Manufacturing Quantity model.

Accepted Answer

A) True 
 B)False

Question 7

If usage is constant, as order size increases, annual order costs ____ but annual carrying costs ____.

Accepted Answer

A)  increase .....increase
B)  decrease .....decrease
C)  increase .....decrease
D)  decrease .....increase
E)  remain the same .....increase

Exam 7: Inventory Management

Relaxing the instantaneous replenishment assumption of the EOQ model results in the Economic Manufacturing Quantity model.

Correct Answer
verified

Which of the following is not an assumption of the economic order quantity model?

Correct Answer
verified

Use the graph below to answer the question(s) . -In the ABC Inventory Matrix, inventory in area Z suggests

Correct Answer
verified

____, such as lubricants for machines, are used in the production process, but do not become parts of the final products.

Correct Answer
verified

If usage is constant, as order size increases, annual order costs but annual carrying costs .

Correct Answer
verified

Describe the ABC inventory matrix, and how is it used to manage inventory.

Correct Answer
verified
An ABC inventory matrix is used to assis...
View Answer

An RFID reader does not require direct line of sight to read the information stored in an RFID tag.

Correct Answer
verified

Exam 7: Inventory Management

Relaxing the instantaneous replenishment assumption of the EOQ model results in the Economic Manufacturing Quantity model.

Correct AnswerverifiedShow Answer

Which of the following is not an assumption of the economic order quantity model?

Correct AnswerverifiedShow Answer

Use the graph below to answer the question(s) . -In the ABC Inventory Matrix, inventory in area Z suggests

Correct AnswerverifiedShow Answer

____, such as lubricants for machines, are used in the production process, but do not become parts of the final products.

Correct AnswerverifiedShow Answer

If usage is constant, as order size increases, annual order costs ____ but annual carrying costs ____.

Correct AnswerverifiedShow Answer

Describe the ABC inventory matrix, and how is it used to manage inventory.

Correct AnswerverifiedAn ABC inventory matrix is used to assis...View AnswerShow Answer

An RFID reader does not require direct line of sight to read the information stored in an RFID tag.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

If usage is constant, as order size increases, annual order costs but annual carrying costs .

Correct Answer
verified

Correct Answer
verified
An ABC inventory matrix is used to assis...
View Answer

Correct Answer
verified