34. Which of the following statements about the EOQ inventory model assumptions is correct?

a) All inventories in the order arrived just in time

b) The lead time is a variable.

c) Demand for the product is constant and unknown with certainty.

d) Total ordering cost is a fixed.

35. The payroll department performs which of the following?

a) Distributes paychecks

b) Deposit paycheck to employees' accounts

c) Updates employee payroll records

d) Approve and files the payroll register in the accountin records

36. The documents in a voucher packet include

a) Company's sales invoice

b) Delivery receipt

c) Purchase order

d) Blind copy of purchase order

37. Which of the following is not an example of waste?

a) Processes that are linked to upstream or downstream processes

b) All of the above are examples of waste.

c) Production of products

d) Safety hazards that cause injury

38. The optimal demand is

a) The economic order quantity

b) The reorder point

c) Safety stock

d) Safety stock plus reorder point

39. The storekeeper provides the raw materials to the production based on the

a) Materials requisition

b) Production schedule

c) Bill of materials

d) Purchase requistion

e) All of the above

f) Material order

40. Goods received are inspected and counted to

a) Determine that the goods are in good condition

b) Determine that the quantity of goods and are in good condition

c) Determine the quantity of goods received

d) Preclude payment for goods not received or received in poor condition

41. Receiving department is responsible to

a) Count the items in the warehouse after receiving it

b) Inspect items received from vendors

c) Safeguard goods until they are transferred to the warehouse

d) Order goods from vendors

42. Which of the following is a principle of lean manufacturing?

a) A goal is the achievement of a low inventory turnover rate.

b) All activities that add value and minimize the use of scarce resources must be maintained?

c) Products are pulled from the production end to the customer.

d) A lean manufacturing firm must have a harmonious relationships with vendors.

43. The cost of poor quality includes which of the following?

a) Warranty claims

b) Production schedule

c) Cost of handling waste in compliance to environment regulations

d) Proceeds from the sale of scrap