18. Which of the following about JIT/lean 22. Which of the following most closely describes operation approach is true? 1. Input resources arrive for processing just net material requirements? a. Gross requirement-amount-on-hand + b. Gross requirements- planned order c. Gross requirements-order releases + d. Gross requirements- planned receipts. as the preceding batch is completed. II. Producing more in a day than planned III. One of the goals is to produce output using fewer resources than traditional Gross requirements- amount-on-hand – scheduled receipts IV. It includes large lots to take advantage of e. a. I and II only 23. Which one of the following is true in MRP? a safety lead time is used to handle uncertainty c. I, 1I, and IlI only d. I, II, I, and IV with demand b. safety stock works the same way as safety 19. Under what conditions are both capacity lead time c. safety lead is essentially inflated lead time d. two weeks of lead time plus one week of and capacity bills likely to produce the same safety lead time equals three weeks of lead e. none of the above a. When planning for a single product b. When planning for a single work center c. When planning for a single product that is produced in a single work center d. The two methods will never return the same result 20. If interest rate increases, what happens to the economic order quantity (EOQ)? c. Decreases significantly d. Impossible to answer without more 21. Which one of the following is an MRP lot- sizing rule that could minimize the amount of a. Periodic order quantity (POQ), with P-2 b. Fixed order quantity (FOQ)