Which of the following are characteristics of Kanban?
I. Needs no Paperwork
II. Needs a fixed and short lead time
III. Authorizes the producer to make the material
IV. Is a visual technique to move materials

An accounting assumption that the oldest inventory is the first to be used is

Which of the following types of inventory would understate inventory turns if included?

Uncontrollable inventory inaccuracies are most likely to be introduced into inventory when

A purchased assembly is destruct-tested upon receipt. The sample size is 1% of the order quantity. The purchase order quantity to satisfy a production order of 200 units is

A company is required to provide lot traceability for all of its products, this means the company must be able to

The number of exposures to stockouts can best be decreased if which of the following factors is increased?

Which of the following inventory situations is most likely to change the projected available inventory balance form one MRP run to another?

Products that are close to their expiration date and cannot be sold at full price are known as

A statement of a company＇s goals and approach to the management of inventories is the

Component lead time inaccuracies are causing an increase in customers backorders. This will most likely impact the