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NEW QUESTION: 1
Which of the following inventory management approaches orders at the point where carrying costs equate
nearest to restocking costs in order to minimize total inventory cost?
A. Just-in-time.
B. Materials requirements planning.
C. ABC.
D. Economic order quantity.
Answer: D
Explanation:
Choice "a" is correct. The economic order quantity (EOQ) method of inventory control anticipates orders
at the point where carrying costs are nearest to restocking costs. The objective of EOQ is to minimize total
inventory costs. The formula for EOQ is:
Choice "b" is incorrect. Just in time (JIT) inventory models were developed to reduce the lag time between
inventory arrival and inventory use. Choice "c" is incorrect. Materials requirements planning (MRP) is a
method of determining inventory requirements when a given number of units is needed. The method is
used to create precise schedules of which items will be needed and what times they will be needed.
Choice "d" is incorrect. ABC is an acronym for Activity Based Costing, a method of cost assignment that
identifies value added activities and related cost drivers. It is not an inventory management approach.
NEW QUESTION: 2
Which advantage does standalone MAB provide?
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C. It can grant access to devices based on their IP addresses without requiring 802.1x support.
D. It implicitly grants access when the RADIUS server is offline.
Answer: A
NEW QUESTION: 3
A key tool and technique used in define scope is______________
A. Expert judgment
B. Templates, forms, and standards
C. Decomposition
D. Project management methodology
Answer: A
Explanation:
Expert judgment is used to analyze the information needed to develop a project scope statement. It is applied to any technical details. [Planning] PMI@, PMBOK@ Guide, 2013, 122
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