What is the yearly inventory turnover

Assignment Help Operation Management

Reference no: EM132230815

1. It is estimated that a project's completion time is random (Normal) with a mean of 140 days and standard deviation of 25 days. The chances of finishing the project in 160 days is close to

A. 25%

B. 50%

C. 85%

D. 98%

2. In a simple (M/M/1) waiting line, the average arrival rate is 5 customers per minute, and the average service rate is 6 customers per minute. What is the average waiting time in the line (excluding service time)?

a. 50 seconds

b. 0.83 seconds

c. 5 minutes

d. 8.3 minutes

3. The monthly cost of goods sold is $5,000; average inventory is $10,000. What is the yearly inventory turnover?

a. 0.5

b. 2

c. 5

d. 6

4. An assembly line needs to make 10,000 units per month (20 working days in a month, 8 hours per day). What should be the cycle time?

a. 62.5 seconds

b. 62.5 hours

c. 0.016 seconds

d. 57.6 seconds

5. Which of the following is not considered part of a project plan?

Requirements planning

Team selection

Scheduling

All of the above are required

6. A critical path within a project network is defined by that path that has the greatest slack times for each of the activities.

True

False

Reference no: EM132230815

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