In making any decision that affects the size of inventory, what are the four categories of cost that must be considered?(1) ________(2) ________(3) ________(4) ________.
What will be an ideal response?
(1) holding (or carrying) cost; (2) setup (or production change) cost; (3) ordering costs; (4) shortage cost
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A ____ is a group of people who come together to share information, experiences, tips, and best practices. Goals of these groups are to avoid reinventing the wheel and look for innovative ways to overcome challenges.
A. community of practice B. mentoring group C. social media group D. knowledge base
What is suggested by IDEO as a way of building on the ideas of others?
a. Correct the flaws in the first idea by suggesting alternatives. b. Use the word and instead of but. c. Quickly eliminate ideas that are too far-fetched d. Let the conversation flow and don’t worry about staying on topic.
Which of the following statement is BEST?
A) The critical chain requires that all resource leveling be done before the critical chain can be identified. B) The critical path usually jumps task dependency links. C) The critical chain relies on task dependency and is discovered after the fact, once the network is laid out. D) The critical chain is usually the same path as the critical path within an activity network.
Cash flows from financing activities:
A. are always negative because of the payments of cash dividends as well as interest and principal on debt. B. includes all cash inflows and outflows associated with a company's lending activities. C. are always positive unless the company is experiencing serious financial trouble. D. includes all cash inflows and outflows between a company and its stockholders.