Exam 23: Operational Decision-Making Tools: Linear Programming

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The total length of time required to manufacture a product is called its cumulative lead time.

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The application modules that comprise the ERP system are designed to support only customer relationship management processes.

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The quantities displayed on a master production schedule represent production and not actual demand.

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The MRP process of subtracting on-hand quantities and scheduled receipts from gross requirements to produce net requirements is referred to as

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Given the following Product Structure Record Given the following Product Structure Record   The number of G's required to assemble 10 A's is The number of G's required to assemble 10 A's is

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Capacity requirement planning (CRP) converts the material plan into labor and machine workloads.

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A firm has the following gross requirements for Item F. If ordering costs are $60 per order and carrying costs are $0.50 per period. A firm has the following gross requirements for Item F. If ordering costs are $60 per order and carrying costs are $0.50 per period.   If the periodic order quantity lot sizing rule is used, the number of period's worth of requirements is If the periodic order quantity lot sizing rule is used, the number of period's worth of requirements is

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ERP is beneficial because it transforms transactional data into information that can be used to support decision making.

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____________________ software manages the design interaction between suppliers and customers.

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Given the following MRP matrix for Item E: Given the following MRP matrix for Item E:   The planned order releases for period 3 is The planned order releases for period 3 is

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The last stage in ERP implementation involves analyzing business processes.

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Given the following MRP matrix for Item E: Given the following MRP matrix for Item E:   The planned order releases for period 4 is The planned order releases for period 4 is

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