A Gantt chart depicts a chronological history of an activity
Indicate whether this statement is true or false.
TRUE
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In a trend analysis, an index number of 139 for 20xx sales indicates that
a. sales for 20xx were 139 percent higher than sales for the same company in the base year. b. sales for 20xx for this company were 139 percent of the sales figure of another company being used in the comparison. c. sales for 20xx were 139 percent of the sales for the same company in the base year. d. actual sales for 20xx exceeded budgeted sales for 20xx by 39 percent.
Eight jobs have been sequenced at a single work center. Total processing time for the eight jobs is 34 hours, and total flow time for the sequence is 85 hours
For this schedule, utilization is ________ and the average number of jobs in the system is ________. A) 100 percent; 10.625 B) low; .0941 C) 0.400 or 40 percent; 2.5 D) 0.235 or 23.5 percent; 4.25 E) maximized; minimized
The risk of being wrong about predictions can sometimes be mitigated by managers' actions.
Answer the following statement true (T) or false (F)
Which of the following defines supply chain logistics?
A. The schedule for production activities including testing, packaging and preparation for delivery. B. The product delivery processes and elements including orders, warehouses, carriers, defective product returns and invoicing. C. The strategy for managing all the resources required to meet customer demand for all products and services. D. The partners chosen to deliver finished products, raw materials and services including pricing, delivery and payment processes along with partner relationship monitoring metrics.