Which of the following is true about direct losses?
A) Does not include smoke damage to a building
B) Is a non-financial loss
C) Has no direct liability consequences for the firm
D) Often is followed by an indirect loss due to business interruption
D
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In a just-in-time logistics system, ________
A) retailers carry small inventories of merchandise to last for only a few days B) retailers store products for long periods to avoid an interruption in supply C) producers supply products to resellers before customers place their orders D) producers that are geographically far from their retailers use an express-delivery system E) retailers incur high inventory-carrying and inventory-handling costs
Fun Vehicles, Inc. makes beach buggies on an assembly line. The total productive time to make one buggy is 300 seconds. The current line has a 90-second cycle time and consists of four workstations. The balance delay of this line must be:
A) 0%. B) greater than 0% but less than 6%. C) greater than 6% but less than 12%. D) greater than 12% but less than 18%.