11. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory, since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In general, static lot sizing rules introduce greater instability into the production process. 12. Which one of the following is the most likely example of dependent demand for an MRPcontrolled item? a) Demand for spare parts. b) Demand directly from customers. c) Demand from quality control department for destructive testing. d) Demand from MPS. 13. The underlying logic for level-by-level processing in an MRP system is: a) Each item in a bill of materials must be processed from the bottom up. b) Items without safety stock quantities must be processed before items that have safetystocks greater than zero. a) Items must be processed in order of increasing lead time. b) All parents of an item must be processed before that item is processed.

11. Which of the following statements about lot-sizing rules for MRP is true? a) The periodic order quantity (POQ) rule generates a higher level of average inventory, since it creates inventory remnants. b) FOQ is a dynamic lot-sizing rule which reduces the amount of inventory, by doing a better job of matching the order quantity to the projected on-hand inventory quantity. c) The lot for lot rule minimizes inventory investment but maximizes the number of orders placed. d) In general, static lot sizing rules introduce greater instability into the production process. 12. Which one of the following is the most likely example of dependent demand for an MRPcontrolled item? a) Demand for spare parts. b) Demand directly from customers. c) Demand from quality control department for destructive testing. d) Demand from MPS. 13. The underlying logic for level-by-level processing in an MRP system is: a) Each item in a bill of materials must be processed from the bottom up. b) Items without safety stock quantities must be processed before items that have safetystocks greater than zero. a) Items must be processed in order of increasing lead time. b) All parents of an item must be processed before that item is processed.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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