L4M7 exam

Autonomous maintenanceA . 1 and 3 onlyB . 2 and 4 onlyC . 1 and 2 onlyD . 2 and 3 onlyView AnswerAnswer: B Explanation: Total productive maintenance (TPM) is an innovative concept in the manufacturing industry that evolved from the idea of preventive maintenance to adopt practices of productive...

L-shape layoutA . 1 and 2 onlyB . 3 and 4 onlyC . 1 and 3 onlyD . 2 and 3 onlyView AnswerAnswer: A Explanation: In a traditional warehouse, storage racks are arranged to create parallel picking aisles, perhaps with one or more cross aisles to allow workers to move...

MRP software is applied to schedule which of the following?A . Tax accountingB . Production processesC . Human resource managementD . Executive meetingsView AnswerAnswer: B Explanation: Material Requirements Planning (MRP) software manages material requirements for manufacturing processes. LO 2, AC 2.3

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 correct statement about total ordering cost?A . Rise as the average stock level risesB . Equal the number of orders placed times the cost of placing an orderC . Rise as the order quantity risesD . Fall with the per period usage rateView AnswerAnswer:...

Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?A . Acquisition costsB . Purchase priceC . Holding costsD . Costs of stockoutsView AnswerAnswer: C Explanation: Direct and indirect costs of holding inventory include the following:...

Which type of codes can a barcode laser scanner (linear scanner) read?A . Numerical codeB . QR codeC . Aztec codeD . 1D barcodeView AnswerAnswer: D Explanation: One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spacings of parallel lines. These include some of the most traditional...

What is the stock turn for a store holding products to the value of £250,000 with annual sales of these products amounting to £1,000,000?A . 10B . 4C . 0.25D . 0.4View AnswerAnswer: B Explanation: Calculating Inventory Turnover (Stock Turn) As with a typical turnover ratio, inventory turnover details how...

Which type of codes can a barcode laser scanner (linear scanner) read?A . Numerical codeB . QR codeC . Aztec codeD . 1D barcodeView AnswerAnswer: D Explanation: One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spacings of parallel lines. These include some of the most traditional...

Which of the following best describes the relationship between a service level and safety stock? A. A safety stock is not always required to achieve a required service level B. A service level decreases in proportion to a decrease in safety stock C. When safety stock is zero the service...