1. Which of the following statements is true regarding location decision criteria?
A) For most manufacturing and service businesses, the capabilities, talent and expertise of the workforce is important when making location decisions.
B) Since labor costs vary from one location to another, labor costs cannot be used as decision criteria.
C) Quality of life issues are usually not considered in the relocation decision.
D) The low-cost location almost always ends up to be the location choice.
2. A popular means of measuring the impact of time on business productivity is referred to as:
A) Lead time
B) Queue time
C) Cash-to-cash cycle
D) Due date performance
E) None of the above
3. Which of the components of time series cannot, by definition, be forecast?
A) Cycle
B) Trend
C) Seasonality
D) Random fluctuation
E) None of the above
4. The strengths of a warehousing strategy are:
A) Risk pooling add reduced inbound transportation costs
B) Accurate forecasts and reduced bullwhip effect
C) Reduced inventory carrying costs and reduced transportation costs
D) Enhanced response time and lower levels of inventory.