Inventory records must be verified through continuing audit

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Reference no: EM132148156

1. Daniel was working on a decision and asked himself, what is the likelihood the employees will accept it? Based on the Normative decision model, he is using which of the following leadership styles?

Leader expertise

Goal alignment

Likelihood of commitment

Team competence

2. A master production schedule is expressed in terms of

a customer order in a job shop.

modules in a repetitive company.

an end item in a continuous flow company.

All of the above

3. Inventory records must be verified through a continuing audit. The method of doing this is known as

physical inventory.

inventory management.

inventory minimization.

cycle counting.

None of the above

4. A schedule that shows the total demand for an item, when it must be ordered from suppliers, or when production must be started to meet its demand by a particular date is

a production plan.

an incremental release plan.

a gross material requirements plan.

a net material requirements plan.

5. The feature that distinguishes JIT from Lean and TPS is

a greater emphasis on forced problem solving.

a greater emphasis on respect for people.

a greater emphasis on getting to know the customer.

All of the above

None of the above

6. To ensure that an MPS and production plan are doable, a company will use

ERP.

MRP.

ATP/CTP.

RCCP.

a fail-safe system.

Reference no: EM132148156

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