Which of the Following Is a Dynamic Lot-Sizing Technique That

question 41

Multiple Choice

Which of the following is a dynamic lot-sizing technique that calculates the order quantity by comparing the carrying cost and the setup (or ordering) costs for various lot sizes and then selects the lot size in which these are most nearly equal?

• A) Kanban
• B) Just-in-time system
• C) MRP
• D) Least unit cost
• E) Least total cost

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Definitions:

Unequal Distribution

The uneven allocation or spread of resources, wealth, or opportunities among members of a society or between societies.

Limited Resources

Economic or physical assets that are in finite supply, requiring allocation and management to meet various needs and desires.

Positivist Theories

A school of thought in sociology and criminology that emphasizes the application of empirical, scientific methods to the study of social issues and crime.

Constructionist Theories

Theories that suggest reality is not objectively given but is socially constructed through language, cultural practices, and social interactions.