Question 1: Which of the given statements regarding CPM is true?
A. CPM is an illustration of constant time project scheduling method.
B. CPM method is well matched when activity times are expected to vary a lot.
C. CPM method is well matched when activity times are quite constant and can be decreased by spending more money.
D. CPM method is well matched for R&D projects and for scheduling the computer systems.
E. None of the above
Question 2: Which of the given statements is not correct regarding managing inventory in supply the chains?
A. Coordination among supply chain partners is necessary while managing the inventory across the supply chain.
B. Total cost minimization approach can be uniformly applied while managing inventory across the supply chain.
C. In supply chain, a single firm usually controls all the inventories which are needed while manufacturing the product.
D. None of Above
Question 3: Which of the given is not a purpose of inventory?
A. To reduce the obsolescence.
B. To keep the pipeline full.
C. To protect against the uncertainties.
D. To permit economic production and purchase
Question 4: Transportation cost is an illustration of:
A. Item cost
B. Ordering cost
C. Carrying cost
D. Stock out cost
E. Storage cost
Question 5: Which of the given statements is true regarding the Q-system?
A. The order interval is fixed not the order quantity.
B. It doesn’t have a reorder point however instead a target inventory.
C. The system is completely determined by the two parameters, Q and R.
D. It doesn’t have an EOQ, as the quantity differs according to demand.
E. None of the above is true.