1. Which of the following products would be most likely “make to stock”?
A commercial passenger airplane
A communications satellite
A train locomotive
An automobile
2. If a Human Resources manager can estimate the probability that a certain percentage of employees will take advantage of a proposed benefit plan, the manager is operating under a condition of
risk.
estimation.
rationalization.
uncertainty.
certainty.
3. Considering warehouse operations, which of the following is generally NOT TRUE: __________.
The more warehouses in the network, the higher the inventory costs
The more warehouses in the network, the higher the level of customer service.
The more warehouses in the network, the greater the chance of lost sales
The more warehouses in the network, the lower the transportation costs