True OR False

1. The amount of supervision required when using a chase strategy is typically high compared to the level strategy.

2. The term utilization and efficiency are synonymous in a business application.

3. Sales and Operations planning (S&OP) uses the master production schedule as a key input

4. It is possible in the long term for a firm to operate above 100% utilization.

5. The S&OP process can be effective without senior management participation as long as the forecasts are accurate.

6. Typically, S&OP should be conducted annually to be useful

7. In most companies, the sales and operations groups are very cooperative and trusting of each other and can work with minimal intervention.