If the volume of manufactured components can be increased, then the unit cost of the components, and the final product, will be reduced.

• A.False
• B.True

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The process of monitoring production output, comparing it with capacity plans and taking corrective action when needed is known as:

• A.Capacity Control
• B.Capacity Inspection
• C.Capacity Manipulation
• D.Capacity Management

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On the average a firm has 10 weeks of work-in-process and annual cost of goods sold is $15 million. Assuming that, the company works 50 weeks a year. What is the dollar value of the work-in-process?

• A.None of these
• B.1,000,000
• C.1,000,500
• D.1,500,000

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The objective of the MRP is to have:

• A.Material available when it is needed and not before
• B.Orders for material should not be released until the planned order release date arrived
• C.All of the above
• D.Order should not normally released until the planned order is in the current week

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The Question mark represents:

• A.None of these
• B.Cost of goods solved
• C.Payables
• D.Inventories

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