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With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is....?
With D is the annual demand (units), S is cost per order, H is annual carrying cost per unit; the formula for Economic Order Quantity is....?A . √(D*S/2H)B . √(2D*S/H)C . √(D*S*H)D . √(D*S/3H)View AnswerAnswer: B Explanation: LO 2, AC 2.3
This is an example of...?
A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?A . Closed-loop recyclingB . Carbon recyclingC . Open-loop recyclingD . ReuseView AnswerAnswer: A Explanation: There are two main processes of recycling C open...
A group of items which are stacked together for more convenient movement is called...?
A group of items which are stacked together for more convenient movement is called...?A . Unit loadB . Load cellC . StackerD . Unit priceView AnswerAnswer: A Explanation: Unit load is a term used to describe grouping of different items into a convenient stack or stacks which make them easy...
Bulk loose coal that requires massive handling system should be stored in which area?
Bulk loose coal that requires massive handling system should be stored in which area?A . Chill hubB . StockyardC . Heating warehouseD . StoreView AnswerAnswer: B Explanation: Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like...
Which of the following is the cylindrical container that is suitable for liquids or loose material
Which of the following is the cylindrical container that is suitable for liquids or loose materialA . Tote boxB . DrumC . Industrial containerD . Storage bagView AnswerAnswer: B Explanation: Drum is the container for stock, which is usually cylindrical and can be made from a variety of materials. Contents...
The amount of inventory available at the start of an accounting period is known as...?
The amount of inventory available at the start of an accounting period is known as...?A . Buffer stockB . Work-in-progressC . Opening stockD . Closing stockView AnswerAnswer: C Explanation: Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be...
What would be the estimated total cost of ownership of this freezer if the restaurant owner buys the extended warranty package?
A restaurant needs to buy a new freezer. The owner applies total cost of ownership model to calculate the life-time cost of the freezer. This equipment has a price tag of $1,000, the supplier can offer free delivery if the restaurant pays off immediately. Estimated electricity consumption of the freezer...
Which of the following are recognised as disadvantages of ERP systems? Select TWO that apply.
Which of the following are recognised as disadvantages of ERP systems? Select TWO that apply.A . High initial investmentB . Required intensive employee trainingC . Only applied to manufacturingD . Lower factory efficiencies Excluded inventory recordsView AnswerAnswer: A, B Explanation: Implementing a full ERP system is not an easy option....
To test the product durability
To test the product durabilityA . 1 and 2 onlyB . 3 and 4 onlyC . 2 and 3 onlyD . 1 and 4 onlyView AnswerAnswer: C Explanation: It would be really convenient if we could just hand our products directly to the customers, but that’s not possible. Packaging needs...
What is the different between gross material requirements plan (gross MRP) and a net material requirements plan (net MRP)?
What is the different between gross material requirements plan (gross MRP) and a net material requirements plan (net MRP)?A . The gross requirement doesn't take taxes into account, whereas the net requirement includes the tax considerationsB . The gross MRP includes consideration of available inventory, whereas the net MRP does...
