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MGT496 Week 1 Quiz
1. Question : Which of the following is NOT an example of independent demand?
Student Answer: ROP/ROL
MRP
Continuous patterns.
Forecast on all items.
None of the above
REF: Page 26Instructor Explanation: Page 26
Points Received: 1 of 1Comments:
Question 2. Question : Economic order quantity (E.O.Q.) is a balance of ____________ and __________.
Student Answer: cost of placing an order, cost of holding it
supply, demand
cost of capital, order costs
inventory value, inventory cost
lead times, fulfillment time
Instructor Explanation: Page 59
Question 3. Question : Which of the following statements are true about independent or random demand?
Student Answer: It is independent of all other products.
It is consumer driven.
It uses reorder point for replenishing inventory.
All of the above
Instructor Explanation: Page 54
http://www.fres-courses.com/product/mgt496-week-1-quiz
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