Olivia has had enough of the theoretical equations and rejects the higher math needed to calculate the number of kanbans for her system. One approach that some organizations take in lieu of the kanban equation is to:
A) start with one kanban and operate as fast as they can with the one, before adding more kanbans to bring them up to speed.
B) start with too many kanbans and gradually remove them until a problem arises.
C) fully load their system with inventory and produce until they cannot build product.
D) eliminate all inventory from the system and add material and parts until they can fill a customer order.
Answer: B
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Which of the following statements is true of foreign direct investment?
A) The multinational either creates a wholly or partially owned and controlled foreign subsidiary in the host country. B) It involves permitting a licensee of a trademark to market the licensor's goods or services in a particular nation. C) It is less risky than international trade and international franchising and licensing. D) The capital invested is not subject to government restrictions and domestic law of the host country.
A local club is selling Christmas trees and deciding how many to stock for the month of December
If demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level? A) .60 B) .20 C) .84 D) .40 E) unable to determine given the above information