Which one of the following statements about MRP is true? a) To be classified as a closed-loop MRP user, a company must use either the L4L or POQ rules for lot sizing. b) MRP gross requirements for a parent item are equal to the planned order release of its components, c) MRP logic is based on the logic of uniform, continuous demand, and item independence. d) MRP gross requirement for a component depend on the planned order releases of its immediate parents.
Which one of the following statements about MRP is true? a) To be classified as a closed-loop MRP user, a company must use either the L4L or POQ rules for lot sizing. b) MRP gross requirements for a parent item are equal to the planned order release of its components, c) MRP logic is based on the logic of uniform, continuous demand, and item independence. d) MRP gross requirement for a component depend on the planned order releases of its immediate parents.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Pease answers all the MCQ. Please it's so simple. Please Please Please.
Transcribed Image Text:14. Which one of the following statements about MRP is true?
a) To be classified as a closed-loop MRP user, a company must use either the L4L or POQ rules
for lot sizing.
b) MRP gross requirements for a parent item are equal to the planned order release of its
components,
c) MRP logic is based on the logic of uniform, continuous demand, and item independence.
d) MRP gross requirement for a component depend on the planned order releases of its
immediate parents.
15. If a planned receipt of a item
week will the corresponding planned order release occur?
due in week 6, and the item's lead time is 2 weeks, in which
a) Week2.
b) Week 4.
c) Week 6.
d) Week 8.
16. The type of inventory that is used to absorb uncertain rates in demand or supply is called
a) Cycle inventory.
b) Anticipation inventory.
c) Pipeline inventory.
d) Safety stock inventory.
17. Which one of the following factors can create pressure for larger inventories?
a) Transportation cost.
b) Interest or opportunity cost.
c) Insurance premiums.
d) Storage and handling cost.
18. Which one of the following is a reason to have small inventories?
a) To improve customer service.
b) To reduce ordering costs
c)
To reduce equipment setup costs
d) To reduce interest expense or opportunity costs.
19. Which one of the following is the primary lever for reducing cycle inventory?
a) Leveling out demand rates.
b) Reducing lead time
c) Reducing the batch size Q
d) Improve forecasting.
20. What is true in explaining ABC analysis?
a) This process divides items into three classes according to their inventory level.
b) Class A items normally have the least dollar usage.
c) Class B and class C account for most of inventory items but not dollar usages.
d) Class Caccounts for the largest dollar usage of any class.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, finance and related others by exploring similar questions and additional content below.Recommended textbooks for you
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Essentials Of Investments
Finance
ISBN:
9781260013924
Author:
Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:
Mcgraw-hill Education,
Foundations Of Finance
Finance
ISBN:
9780134897264
Author:
KEOWN, Arthur J., Martin, John D., PETTY, J. William
Publisher:
Pearson,
Fundamentals of Financial Management (MindTap Cou…
Finance
ISBN:
9781337395250
Author:
Eugene F. Brigham, Joel F. Houston
Publisher:
Cengage Learning
Corporate Finance (The Mcgraw-hill/Irwin Series i…
Finance
ISBN:
9780077861759
Author:
Stephen A. Ross Franco Modigliani Professor of Financial Economics Professor, Randolph W Westerfield Robert R. Dockson Deans Chair in Bus. Admin., Jeffrey Jaffe, Bradford D Jordan Professor
Publisher:
McGraw-Hill Education