What is used to calculate how long it will take to complete a task?
A. Forward schedulingFollowing figure shows: (draw here figure 4.10) with out mentioning names)
A. Pegged requirementWhich of the following best describes JIT?
A. The continuous elimination of inventoryAn income statement of a company is as follows:

Profit has been increased by 60% to get the in profit by 600,000 by increasing revenue; sales would have to increase to 1.2 million. What will happen with CGS?
A. Decrease by 3%1.
Wrong product or specification
2.
Wrong amount (too little or too much)
3.
Wrong shipping date (too early or too late)
These are common errors in that occur all the time and require constant attention.
A. Customer ExpectationsWhen there is uncertainty in the supply chain based on the use of forecasts, and that uncertainty is then exaggerated by lead-time effects and differences in lot sizes as material moves through the supply chain, this is called:
A. Bullwhip effectPeople should not only be trained in their own jobs but should also be cross-trained in other skills and in problem solving techniques, in order to achieve:
A. compound progressivenessInventory investment can be balanced with:
A. Customer serviceWhich of the following is NOT the manufacturing lead time?
A. Queue timeare best used for forecasting products with stable demand where there is little trend or seasonality.
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