When a Push System Is Replaced by a Pull System,with

question 122

Multiple Choice

When a push system is replaced by a pull system,with smaller lot sizes,many benefits can be realized.Which one of the following statements correctly represents one of these benefits?

• A) The inventory level is increased to protect the system from the uncertainty in demand.
• B) More space is required to keep the increased amount of WIP inventory.
• C) Cycle time will be increased, resulting in higher machine utilization.
• D) Only simple planning systems are required.

Understand the principle of computing inventory value at the lower of cost or market.

Understand the method of calculating the ending inventory using average cost.

Comprehend how to calculate ending inventory using specific valuation methods such as LIFO.

Understand the calculation of cost of goods sold in different merchant scenarios.

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Definitions:

Guanxi

A Chinese term describing the network of personal connections that facilitate business and other dealings, emphasizing mutual benefit and respect.

Rule-based Theories

Systems of thought that focus on the application of specific, predefined rules or laws to analyze or solve problems.

Ethics

The moral principles that govern a person's behavior or the conducting of an activity, guiding what is good, right, and appropriate.

Code Of Ethics

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