Verification sampling method to use for current school year

Assignment Help Operation Management

Reference no: EM132294913

1. Transportation inventories can be reduced by:

reducing transportation time

reducing order quantities

increasing order quantities

reducing the order point

2. The Verification Sampling method to use for the current school year could be based on:

a. The number of applications on file on the first operating day of October.

b. The nonresponse rate from the previous school year.

c. The number of students verified from the previous school year.

d. The number of applications verified from the previous school year.

3. If the February demand for a product is 5,000 units and the seasonal index for February is 0.75, what is the deseasonalized February demand?

3,750

6,667

8,750

10,000

15,000

4. If the annual cost of goods sold is $10,000,000 and the average inventory is $2,000,000,what is the turns ratio?

$8,000,000

5 0.2

20%

cannot be calculated from the information given

5. Products should be specified by brand because:

price levels of brand items are low

the number of potential suppliers is restricted

it is difficult to develop accurate specifications for an item

all of the above

a and b above.

Reference no: EM132294913

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