What occurs when the cost of ordering equals the cost of carrying?

• A.Economic-order quantity
• B.Ordering cost quantity
• C.Exact-order completeness
• D.Predetermined carrying cost

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Who is responsible for producing the products and services the customer wants, when wanted, with required quality, at minimum cost and maximum effectiveness and productivity?

• A.Product-review management
• B.Production management
• C.Operations management
• D.Marketing management

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Which of the following details are true about time buckets EXCEPT:

• A.Can be any length of time convenient to the company
• B.Needs to avoid future problems
• C.These are often a week
• D.Companies can move to daily time buckets

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Planning file/s needed for the production activity control is/are:

• A.All of these
• B.Product structure file
• C.Item master file
• D.Routing and work center master file.

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A priority plan for the components needed to make the products in the Master production schedule (MPS) is called:

• A.Capacity Requirement planning
• B.Production Activity control (PAC)
• C.All of the above
• D.Material Requirements planning (MRP)

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