1. Which of the following drives work in process inventory levels higher?

a.Machine breakdowns b.Production rate losses c.Rework processes d.All of the above

2. Which of the following is an advantage of the cash payback method?

a.It takes into consideration the time value of money. b.It includes the cash flow over the entire life of the proposal. c.It emphasizes accounting income. d.It is easy to use.

3.Which of the following is an example of a non-financial measure?

a.Lead time b.Setup time c.Units scrapped d.All of the above

4. Which of the following is an example of value-added time? a.Processing time b.Move time c.Within batch wait time d.Both B and C