1. In a continuous review inventory system which of the following is true?

a. The order quantity is variable.

b. The order is placed at the end of the period.

c. The database is updated at the end of the period.

d. The inventory size is higher due to the increased safety stock.

e. None of the above.

2. In a periodic review inventory system which of the following is true?

a. The order quantity is variable.

b. The order is placed at the end of the period which can be.

c. The database is updated at the end of the period.

d. The inventory size is higher due to the increased safety stock.

e. All of the above.

3. Which of the following is an example of dependent demand?

a. television

b. car c. bicycle

d. bicycle tires

e. refrigerator

4. Which of the following specifies the timing and size of new production orders, adjustments to existing order quantities, and expediting or delay of late/early orders?

a. capacity plan

b. bill of material

c. material requirements plan (MRP)

d. master schedule

e. enterprise resource plan (ERP)