1. Small changes in consumer demand can result in large variations in orders placed because of the:
supply chain
safety stock requirements
lead time effect
bullwhip effect
FCFS scheduling
2. In “crashing” a project, a manager will generally focus on activities which:
are NOT on the critical path
are the least costly to crash
are costly to crash and are on the critical path
are on the critical path and are the least costly to crash
are the easiest to crash
3. A production kanban card is used to signal that:
work/material is needed at the next work center
work is ready to be moved to the next station
a problem exists
a machine has broken down and needs immediate attention
a machine is ready for preventive maintenance
4. Economic Order Quantity models …………………
are the simplest of all lot sizing methods
provide coverage for some predetermined number of periods
do not require for the annual demand to be known
can handle variable lead-times
can lead to minimum costs if usage is fairly uniform
5. The essence of good management requires that business anticipate and respond to issues in a timely way. True of False
