Question

2 Which of the following is false concerning enterprise resource planning (ERP) a. It attempts to autohate and inegrate the ma ority ofbusiness processes. b. tt shares conmon data and practices across the enterprise. c It ?5 inexpensive to i:"tlemen. d. It provides and accesses information in a real-time environment e. All of the above are true. Which of the following is a function of inventory? a. to protect against stockouts b. to mect anticipated customer demand c. to take advantage of quantity discounts d to hedge agains: price increases c. All of the ahove are functions of inventory 13 Which of the following would not generally be a motive for a firma to hold inventories? a. to hedge against price increases 14. to provide a stock of goods that will provide a selection for customers c. to meet variation in demand d. to minimize holding costs e. All of the above are motives for holding inventory 15. Whici of he following is not oue of the man tynes of inventory? a raw material inventory b. work-in-proccss inventory C. supply inventory d. interdependent inventory e. All of these are main types of inventory 16. ABC analysis is based upon the principle that a. all items in inventory must be monitored very closely b. there are usually few critical items (20%), and many items which .re less cntical (80%) c. an item is critical ifits usage is high the safety stock (in terms of volume) should be higher for A items than for C items e an item is critical if'its unit price is high 17 The purpose of"cycle counting" is to a count bicycles and motoreycles in inventory b. reduce theft c. count 10% of the items each month d count all the items in inventory ce discrepancies between inventory records and actual stock available -a