University of California, Los Angeles RQMCMB 2 Quiz 8 1)When carrying costs are stated as a percentage of unit price, the minimum points on the total cost curves:       When developing probabilistic estimates of project duration, it is necessary to know which of the following? When MRP II systems include feedback, they are known as:       When the opportunity cost of lost revenue is relatively high,                                 become(s) relatively more attractive

University of California, Los Angeles

RQMCMB 2

Quiz 8

1)When carrying costs are stated as a percentage of unit price, the minimum points on the total cost curves:  

2.     When developing probabilistic estimates of project duration, it is necessary to know which of the following?
3. When MRP II systems include feedback, they are known as:
4.       When the opportunity cost of lost revenue is relatively high,                                 become(s) relatively more attractive.
5. Which is not a true assumption in the EOQ model?
6.       Which is true of a net­change system? .
7. Which item would be least likely to be ordered under a fixed order interval system?
8.       Which of the following are advantages of PERT?(I) It is visual.(II) It is automatically updated.(III) Activities that need to be watched closely can be identified.
9.       Which of the following are limitations of PERT?(I) Time estimates may include a fudge factor.(II) Important activities may be overlooked.(III) It is an after­the­fact analysis.
10.       Which of the following best describes aggregate planning?
11. Which of the following contributes to the competitive advantage enjoyed by firms using

lean production?