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Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costsB . Economic order quantityC . ABC analysisD . Takt timeE . Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
Assuming that all other factors are constant except one, the net present value of a capital expenditure increases when...?
Assuming that all other factors are constant except one, the net present value of a capital expenditure increases when...?A . The initial cost of a project increasesB . The discounted rate increasesC . Net cash flow during a time period increasesD . Cash outflow during a time period increasesView AnswerAnswer:...
Which of the following is essential to effective implementation of just-in-time?
Which of the following is essential to effective implementation of just-in-time?A . Regular machine changeoversB . Larger warehouse for larger amount of inventoryC . No need for smoothing productionD . Strong links between the suppliers and the buying organisationView AnswerAnswer: D Explanation: For JIT manufacturing to succeed, companies must have...
Variability of lead time
Variability of lead timeA . 1 and 3 onlyB . 1 and 2 onlyC . 2 and 4 onlyD . 3 and 4 onlyView AnswerAnswer: D Explanation: Safety stock is also known as buffer stock. As this name suggests, this type of stock provides some kind of 'buffer', which means...
Which acceptance test activity will be required to check whether the new software integrates well with current IT system?
A hospital is purchasing a new software product that will advise nurses when to give medications to hospitalised patients. This is a mobile application that will be used on tablets carried by the nurses. The software is being developed and tested by a company that specialises in mobile medical applications....
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costsB . Economic order quantityC . ABC analysisD . Takt timeE . Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.
Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.A . Financial costsB . Economic order quantityC . ABC analysisD . Takt timeE . Environmental issuesView AnswerAnswer: A, E Explanation: If the planning and mitigation measures fail and redundant...
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...
The following are examples of scheduled maintenance except...
The following are examples of scheduled maintenance except...A . Oil changes and regular servicingB . Overhauling of machineC . Repair signage damage from a recent stormD . Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...
P2P system
P2P systemA . 2 and 3 onlyB . 1 and 3 onlyC . 2 and 4 onlyD . 1 and 4 onlyView AnswerAnswer: D Explanation: There are several methods to reduce the acquisition costs in procurement. L4M7 study guide lists the following methods: - Buyer discretionary spend - 'User buying'...
