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7. Which one is NOT an important assumption of the basic EOQ model? a. Demand is known, constant, and independent b. Lead time is known

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7. Which one is NOT an important assumption of the basic EOQ model? a. Demand is known, constant, and independent b. Lead time is known and constant c. Receipt of inventory is instantaneous and complete d. Quantity discounts are possible 8. "Prevent the intent and appearance of unethical or compromising conduct in relationships, actions and communications" is known as: a. Perceived impropriety b. Conflicts of interest C. Issues of influence d. Reciprocity 9. The table below contains monthly (six months) demand estimates and working days per month. Month Demand Production Days JAN 1,500 20 FEB 1,200 MAR 1,000 25 APR 1,600 25 MAY 1,100 20 JUN 1,300 24 26 For the implementation of "Level" strategy, the average demand (in units/day) over the six- month planning horizon is equal to; a. 40 b. 50 C. 55 d. 75 10. The operations manager of a body and paint shop has five cars to schedule for repair. The estimates of the times required to do the body and paint work on each are as follows: Car Body Work (Hours) Paint (Hours) A 8 9 7 3 12 7 4 9 4 5 Using Johnson's Rule to minimize total duration, the correct sequence of these five jobs is; a. DCAEB b. DBECA C. BEACD d. ACEBD

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