In a traditional manufacturing environment, as the cost of goods sold account increases, which account is most likely decreasing?
A) Work in process inventory
B) Finished goods inventory
C) Raw materials inventory
D) Cash
B
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Which of the following is NOT one of the requirements of cellular production?
A) testing (poka-yoke) at each station in the cell B) adequate volume for high equipment utilization C) a high level of training, flexibility, and empowerment of employees D) being self-contained, with its own equipment and resources E) identification of families of products, often through the use of group technology codes or equivalents
Which of the following is not an input for the Materials Requirements Plan (MRP)?
A) Bill of Materials B) Production Activity Report C) Master Production Schedule D) Inventory Status File