1. Which of the following products would be most likely “make to stock”?

A commercial passenger airplane

A communications satellite

A train locomotive

An automobile

2. If a Human Resources manager can estimate the probability that a certain percentage of employees will take advantage of a proposed benefit plan, the manager is operating under a condition of

risk.

estimation.

rationalization.

uncertainty.

certainty.

3. Considering warehouse operations, which of the following is generally NOT TRUE: __________.

The more warehouses in the network, the higher the inventory costs

The more warehouses in the network, the higher the level of customer service.

The more warehouses in the network, the greater the chance of lost sales

The more warehouses in the network, the lower the transportation costs