11. In the periodic inventory system, the time berwen orders is a variable and t

Question

11. In the periodic inventory system, the time berwen orders is a variable and the order size i (a) True b) False 12. Component parts or materials used in the prodaction process to prodace a final product are referred to as dependent demand inems a) True b) False 13. The level of investory should not be soo low or too high Invessory management is the process by which we determine the commect level of that inventory (a) True b) False 14. The shortest operations time (SOT) nule for scheduling will always odace the lowes or one of the lowest avernge flow times for all the jobs segunced 5Cars retail items, grocery products, and office supplies are camples of (c) seasonal demand items (6) cyclical demand items (e)sone of the above 16. Economies of scale refer tothe concepr “thr volne ofprd.in increa a) Trae h) Faise unit cost of production will go up (a) True b) False 17. Meeting demand fluctuations entrely by hiteg nd fining workin·o sah demnd example of (c) a chase demand stralegy (4) an optimal production sraegy(e) none of the above 8. Lot sine determines the quantities in which isems are to be made or purchaned e None of the ahove 9Wheeyo se he ECO method of loventory Mannge e c ofplacing onds and nventornanual anis wwll be the same Fal cost of carrying (a) True peods uning icmive One apyroach to managing demand is to shih it into other time sales pomotions, and advertising Ob) Fals (a) True

Explanation / Answer

11.

The correct answer is option b (false).

Periodic review system also called fixed interval reorder system has four original economic order quantity assumptions: -

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