TTU ISQS 3344 FLAMM FINAL EXAM |COMPLETE AND GRADED QUESTIONS AND
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
Which of the following is an individual asset or item stored at a particular location, within the context of inventory
management?
a.
Buffer stock
b.
Stock-keeping unit
c.
Make-to-stock product
d.
Average lead stock - (ANSWER)b
Which type of analysis can solve a single-period inventory problem?
a.
Critical value analysis.
b.
Reorder point analysis.
,c.
Marginal economic analysis.
d.
Total cost analysis. - (ANSWER)c
Consider a fixed-period system (FPS). Choose the most accurate statement regarding an FPS.
a.
It orders sufficient stock at the time of review to bring the inventory position up to the replenishment level (M).
b.
It checks the inventory position on a continuous basis.
c.
It maintains a constant order quantity every review period.
d.
It orders a fixed quantity of items when the inventory position reaches or drops below the reorder point (r). -
(ANSWER)a
Consider ABC inventory analysis and its components. For class A items, which of the following statements is most
accurate?
a.
They can be managed using automated computer systems.
,b.
They comprise less than 30 percent of the total dollar usage.
c.
They require close control by operations managers.
d.
They account for more than 50 percent of inventory items. - (ANSWER)c
****solve after find right equation
A buyer for Fuzzy Threads, an apparel store, orders ear muffs approximately 6 months before the start of winter.
Fuzzy Threads will be holding a March clearance sale to sell any surplus goods leftover after the last day of February.
Each set of ear muffs costs $100 and sells for $140. The expectation is for any remaining stock to be sold off during
the March sale at the price of $80. You can assume a uniform probability distribution ranging from 200 to 500 items
describes the demand. The expected demand is 300. In the context of the single period inventory system, the optimal
order size Q* must satisfy the condition _______.
a.
P(demand ≤ Q*) = 1/2
b.
P(demand ≤ Q*) = 2/3
c.
, P(demand ≤ Q*) = 1/3
d.
P(demand ≤ Q*) = 2/5 - (ANSWER)c
_______ can be described as a surplus amount of inventory which is kept, exceeding the average amount needed to
meet demand.
a.
Safety stock inventory
b.
Finished-goods inventory
c.
Seasonal inventory
d.
Work-in-process inventory - (ANSWER)A
Which type of costs can be representative of service interruptions or backorders for external customers, from the
standpoint of inventory costs?
a.
Setup costs
b.
ANSWERS 2026 LATEST UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO
PASS | GET A+
Which of the following is an individual asset or item stored at a particular location, within the context of inventory
management?
a.
Buffer stock
b.
Stock-keeping unit
c.
Make-to-stock product
d.
Average lead stock - (ANSWER)b
Which type of analysis can solve a single-period inventory problem?
a.
Critical value analysis.
b.
Reorder point analysis.
,c.
Marginal economic analysis.
d.
Total cost analysis. - (ANSWER)c
Consider a fixed-period system (FPS). Choose the most accurate statement regarding an FPS.
a.
It orders sufficient stock at the time of review to bring the inventory position up to the replenishment level (M).
b.
It checks the inventory position on a continuous basis.
c.
It maintains a constant order quantity every review period.
d.
It orders a fixed quantity of items when the inventory position reaches or drops below the reorder point (r). -
(ANSWER)a
Consider ABC inventory analysis and its components. For class A items, which of the following statements is most
accurate?
a.
They can be managed using automated computer systems.
,b.
They comprise less than 30 percent of the total dollar usage.
c.
They require close control by operations managers.
d.
They account for more than 50 percent of inventory items. - (ANSWER)c
****solve after find right equation
A buyer for Fuzzy Threads, an apparel store, orders ear muffs approximately 6 months before the start of winter.
Fuzzy Threads will be holding a March clearance sale to sell any surplus goods leftover after the last day of February.
Each set of ear muffs costs $100 and sells for $140. The expectation is for any remaining stock to be sold off during
the March sale at the price of $80. You can assume a uniform probability distribution ranging from 200 to 500 items
describes the demand. The expected demand is 300. In the context of the single period inventory system, the optimal
order size Q* must satisfy the condition _______.
a.
P(demand ≤ Q*) = 1/2
b.
P(demand ≤ Q*) = 2/3
c.
, P(demand ≤ Q*) = 1/3
d.
P(demand ≤ Q*) = 2/5 - (ANSWER)c
_______ can be described as a surplus amount of inventory which is kept, exceeding the average amount needed to
meet demand.
a.
Safety stock inventory
b.
Finished-goods inventory
c.
Seasonal inventory
d.
Work-in-process inventory - (ANSWER)A
Which type of costs can be representative of service interruptions or backorders for external customers, from the
standpoint of inventory costs?
a.
Setup costs
b.
