LSCM Quiz 3 with correct answers 100% 2026

LSCM Quiz 3 with correct answers 100% 2026 Pareto Analysis means that 20 percent of the items get about 80 percent of the safety stock. - Correct Answer False In the economic manufacturing quantity model (EMQ), the production rate must be greater than the demand rate. - Correct Answer True The Economic Manufacturing Quantity Model (EMQ) : - Correct Answer relaxes the instantaneous replenishment assumption by allowing usage or partial delivery during production. Which one of the following statements regarding the economic order quantity (EOQ) is true? - Correct Answer If an order quantity is smaller than the EOQ, then the annual holding cost is slightly lower and the annual ordering cost is slightly higher. If an item is ordered using its economic order quantity, the annual carrying cost should be: - Correct Answer equal to the annual ordering cost. Cycle counting means to physically count inventory on a periodic basis. - Correct Answer True Which of the following would be considered a dependent demand item? - Correct Answer Microchips used in automobiles What should the inventory turnover ratios for items be used in conjunction with to get a sense of how fast or slow inventories are turning over? - Correct Answer The ABC inventory matrix Which of the following is NOT an assumption of the economic order quantity (EOQ) model? - Correct Answer Sufficient capacity exists to execute the production schedule Lubricants for production equipment which are not parts of the final products are called: - Correct Answer Maintenance, repair and operating supplies The EOQ model with quantity discounts attempts to determine: - Correct Answer how many units should be ordered. Radio Frequency Identification (RFID) is beginning to replace bar code inventory tracking; however a weakness is that it requires a direct line of sight for RFID tags to be read. - Correct Answer False Which one of the following is a reason for firms to NOT carry inventory? - Correct Answer It is expensive and requires storage space Inventory can become obsolete very quickly Inventory can deteriorate quickly while it is in storage When demand and lead time are constant, the reorder point (ROP) is less than the demand during lead time. - Correct Answer False The primary purpose of the basic economic order quantity (EOQ) model is to: - Correct Answer Derive the optimum order quantity to minimize total inventory costs The College Bookstore sells a unique clicker to college students. The demand for this clicker has