1. Which of the following is true about the production order quantity (POQ) model?
a. Production rate is greater than demand rate.
b. Optimal order quantity is greater than the maximum inventory level.
c. Usage (demand) rate is constant.
d. All of the above is true.
e. None of the above.
2. In the EOQ model, if EOQ increases from 10 to 15 units, the ROP value will:
a. double.
b. remain the same.
c. increase by 50%.
d. decrease by 50%.
e. none of the above.
3. The operations management objective associated with the differentiation competitive strategy is:
a. Lower price.
b. Quality products and quality services.
c. Speed of delivery.
d. Cost reduction.
e. Lower productivity.
4. The Federal Labor Relations Authority (FLRA) has the authority to hold hearings and issue subpoenas.
True
False
5. Theory of Constraints (TOC) seeks to increase capacity by focusing operational efficiency on which the following?
A. Customer satisfaction
B. Distinctive competence
C. Bottlenecks
D. Defects
E. Operations Management