When comparing EOQ and JIT inventory systems, which of the following statements is false?
A. The EOQ approach takes the viewpoint that some inventory is necessary.
B. JIT argues that inventory investments should be minimized.
C. The EOQ system focuses on acquisition and holding costs.
D. The EOQ system assumes a constant order quantity.
E. JIT argues that safety stocks are necessary to reduce the probability of a stock shortage.
Answer: E
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Consider the following statements. Which one of them is phrased in a negative way?
A) Please clarify your request. B) Your copier will be repaired next week. C) Your payment is late. D) Thank you for sharing your concerns about your shopping experience. E) Please verify the enclosed statement and provide a correct copy.
Cluster analysis is the obverse of factor analysis in that it reduces the number of objects, not the number of variables, by grouping them into a much smaller number of clusters
Indicate whether the statement is true or false
During which stage of the product life cycle will a company witness the highest profit?
a. development b. maturity c. growth d. decline
Managers can improve efficiency and effectiveness in a company's value chain by analyzing
A. a company's own internal activity segments, the suppliers' part, and the forward (distribution) channel portion of the value chain system. B. a company's reinforced activities identified as efficiency measures for improved effectiveness. C. only the distributors' channel portion. D. only the suppliers' part. E. only the internal activity segments.