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Which statement is correct ?
Which of the following is
a Opportunity cost
b Prevention cost
c Appraisal cost
d Internal failure cost
e External failure cost
The inventory record (item master file) shows the following planning factors: batches are set at quantities of 25, safety stock is set at 5 handles, the available inventory is 90 and the lead time for orders is 2 weeks. When will the
Material requirements planning (MRP) is used to plan and control material requirements. The master production schedule (MPS) for three sizes of the screwdriver is given in the table. All three screwdrivers (2 mm, 7 mm and Star 5) use the same handle. The available stock is 70, orders are placed in batches of 20 and the safety stock is set at 2. Lead time is 2 weeks.
Item
|
Week
| ||||
1
|
2
|
3
|
4
|
5
| |
2 mm
|
10
|
|
|
10
|
|
7 mm
|
18
|
|
18
|
|
18
|
Star 5
|
8
|
8
|
8
|
8
|
8
|
MPS
|
36
|
8
|
26
|
18
|
26
|
In which week is the
Which option is incorrect regarding TQM?
Which of the following can be defined as a project?
a Designing an aircraft
b Producing a television programme
c Refurbishing of a hotel
d Planning, organising and running a major international sports event
e A set of activities with a defined start point and a defined end state, which pursues a defined goal and uses a defined set of resources
According to the AoN diagram as per the table, identify the LF for activity E and the EF for activity F, respectively:
Activity
|
Duration
|
Immediate follower
|
A
|
1
|
B, C, D, E
|
B
|
3
|
F
|
C
|
4
|
F
|
D
|
2
|
F
|
E
|
4
|
F
|
F
|
4
|
G
|
G
|
1
|
-
|
Which of the following are typical problems experienced during the implementation of the enterprise resource planning (ERP)?
a The level of outside expertise required will be more than anticipated.
b The total cost is likely to be underestimated.
c The changes required to business processes will be greater than expected.
d There will never be enough training.
e Controlling the scope of the project will be more difficult than expected.
Activity
|
Duration
|
Immediate follower
|
A
|
1
|
B, C, D, E
|
B
|
3
|
F
|
C
|
4
|
F
|
D
|
2
|
F
|
E
|
4
|
F
|
F
|
4
|
G
|
G
|
1
|
-
|
From the AoN in question 1 (above) , identify the activity (activities) with slack:
a Activity A
b Activity B
c Activity C
d Activity D
e Activity E
Which option regarding operational TQM is