Q. 1) (8 Marks) (1) . wedgeawesome punishmis a commonly used technique in which physical invente periodic basis to ensure that physical inventory matches current inventory records. al inventory is counted on a (a) Continuous Review System (b) ABC inventory control system (c) Active RFID tags (d) Cycle Counting (2) Carrying Costs are costs that cannot be traced directly to the unit produced, and they are synonymous with manufacturing overhead (a) True (b) False (3) . .. ...5. .454...*. is a document shows an inclusive listing of all component parts & assemblies making up the final product - shown in various levels (a) Big data (b) ABC inventory Control System (c) Bill of Materials (d) Radio frequency Identification tag (4) Independent Demand is the internal demand for parts based on the demand of the final product in which the parts are used (a) True (b) False (5) In an ABC Inventory classification, C-items constitutes: (a) 5% of total annual dollar usage and 40% of total inventory items (b) 80% total annual dollar usage and 20% of total inventory items (c) 40 % of total annual dollar usage and 20% of total inventory items (d) 20 % of total annual dollar usage and 40% of total inventory items(6) The resource and operations planning done by operations managers is intended to balance capacity and output (a) True (b) False (7). .. uses mathematical models & historical data to make forecasts (a) Qualitative forecasting (b) Quantitative forecasting (c) Time series models (d) None of the above (8) Chase strategy relies on a constant output rate while varying inventory & backlog according to fluctuating demand, -make-to-stock firms (a) True (b) False