Health Nursing -Newest 2024-2025 ( Rasmussen )
Expected value of perfect information cannot be computed. (T/F) - CORRECT
ANSWERS-False
Which of the following is the only way to reduce lot sizes? - CORRECT ANSWERS-
Decrease setup cost
In an example used in class, a pharmaceutical company increased its inventory while
increasing customer service. (T/F) - CORRECT ANSWERS-True
In which of the following industries blockchains cannot be used: - CORRECT
ANSWERS-It can be used in all of the above (Food, pharmaceuticals, fashion)
Which of the following is not an advantage of using blockchains in supply chain
management? - CORRECT ANSWERS-All of the above are advantages (Transparency,
security, efficiency)
Supply chain management and logistics are the same thing. (T/F) - CORRECT
ANSWERS-False
The economic value of counterfeiting and piracy could reach approximately over -
CORRECT ANSWERS-$2 trillion
Blockchain provides a single source of truth that is verifiable. (T/F) - CORRECT
ANSWERS-True
Which of the following pairings is correct? - CORRECT ANSWERS-MRP - Explosion
Which of the following is an advantage of having more information? - CORRECT
ANSWERS-Better customer service, reduced lead times, and better forecasts
Bullwhip effect means variability of customer demand is higher than variability of
production plans for manufacturers. (T/F) - CORRECT ANSWERS-False
When lead time increases two fold, what is the magnitude of increase in variability? -
CORRECT ANSWERS-1.414 (sqrt(2))
(Q,R) inventory control system stands for: - CORRECT ANSWERS-None of the above
(Quantity and reorder point)
Price fluctuations and inflated orders can lead to increased variability. (T/F) - CORRECT
ANSWERS-True