Considered function of inventory

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Reference no: EM132159329

1. Which of below is considered a function of inventory?

A-to decouple operations

B-to improve ergonomics

C-to hedge against price increase

D-A and B

E- A and C

2. Which one of the provided definitions for below is not correct?

-Kanban: A visual signal that authorize movement of parts

-Kaizen: Continuous improvement

-Heijunka: Effective forecasting

Jidoka: Quality at the source

Andon: a visual system to notify workers of a quality or process problem

3. Which one of below tools is not used in quality improvement.

-check sheets

-flowchart

-histogram

-pareto analysis

-simo charts

4. Economic order quantity models _______.

-Can lead to minimum costs if usage is fairly uniform

-can handle variable lead-times

-Are the simplest of all lot sizing methods

-do not require for the annual demand to be known

-Provide coverage for some predetermined number of periods.

5. Which statement is not true about the critical path in a project?

-in some cases it is possible to start the first activity of of the critical path with delay

-early start equals to early finish for all activities throughout the critical path

-any delays in critical path activities will delay the project

-critical path is the longest path

-critical path is the no-slack path.

Reference no: EM132159329

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