A medium-size packaging delivery service has a large market share in its home country. It projects slowing growth in that country and is planning to expand into five neighboring countries. Which of the following would be the most appropriate strategy for entering these five countries at the same time?

During an inflationary period, which of the following would be associated with FIFO inventory valuation?
1. Decreased cost of goods sold
2. Increased cash flow
3. Increased profits

What is the tool to communicate start and completion dates to manufacturing departments in order to execute a plan?

What are some ways a company can build up a long term relationship with a supplier?
1. Supplier brought in t assist designing a new plant;
2. Provide long term contracts to the supplier;
3. Supplier dropping prices of material

What type of system BEST describes when an external manufacturing company is supplying an assembly plant where the supplier collects and refills containers every day?

Which of the following are included in the purpose for Lean Manufacturing?
1. To eliminate wasted time, effort and material
2. To provide customers with make to order products
3. To reduce cost while improving quality

A typical ERP BOM module consists of what?
1. MRP Explosion
2. Item master file
3. BOM

In order to achieve effective capacity management, which of the following needs to be in place in a company?
1. A cost accounting system to capture variance;
2. A material control system
3. A shop floor control system which provides accountability

Inventory control can be improved by adopting which of the following storeroom practices?
1. Calculating EOQs to determine quantities to issue
2. Initiating a cycle-counting system
3. Making the storeroom off-limits to all except storeroom personnel;
4. Maintaining parallel record systems to cross-check balances;

Which of the following are obstacles to the implementations of JIT?
1. Management does not allow employees to be involved
2. The factory takes on too many projects rather than continuous improvement
3. Spending on education and training is limited

Which of the following terms or philosophies are synonymous with zero inventories?
1. JIT;
2. Stockless production
3. Zero defects