About the economic production quantity is true

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Reference no: EM132201742

1. The Nuclear Regulatory Commission is an independent regulatory agency. Its basic functions include making rules, investigating activities that it regulates, enforcing its rules and adjudicating disputes. All of these functions are part of?

?the judicial process.

?the legislative process.

?the administrative process.

?the executive process.

2. Which of the following statements about the Economic Production Quantity is true? (Multiple choose if applicable)

A) When the production rate is very big, the value of EPQ is close to the EOQ.

B) When the production rate slows down, the EPQ gets smaller compared with the EOQ

C) The EPQ model assumes demand is known and constant.

D) The EPQ model requires the assumption of instantaneous delivery

E) Given the same values for holding costs, ordering costs and demand, the EPQ will always be smaller than the EOQ.

F) None of the Above

3. From an inventory management perspective, which of the following statemens are true?

A) Safety stock is stock that a company is saving and only uses to cover backorders.

B) Cycle Stock are the goods that a company has ordered but not yet received.

C) Pipleline inventory is the average amount of goods that a company maintains in stock.

D) Inventory Position is the total amount of goods that a company has its warehouse a certain moment in time

E) Inventory On Hand is the inventory the company keeps above the average cycle demand.

F) None of the abvove

Reference no: EM132201742

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