The Main Difference Between the Intuitive Lowest-Cost Method and the Northwest-Corner

question 64

Multiple Choice

The main difference between the intuitive lowest-cost method and the Northwest-corner rule is that

• A) the intuitive lowest-cost method always generates a better solution.
• B) the Northwest-corner rule is faster.
• C) the Northwest-corner rule ignores cost.
• D) only the intuitive lowest-cost method generates an optimal solution.
• E) intuitive lowest-cost method is more accurate.

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Definitions:

MRO Materials

Stand for Maintenance, Repair, and Operations materials, which are supplies and goods used to maintain and repair business operations and equipment.

Supply Management

The active administration and oversight of the supply chain activities to maximize value and ensure the efficient provision of products and services.

Inventory Control

The systematic regulation of the supply, storage, and accessibility of items to ensure an adequate quantity is available for production or sale, avoiding excess or shortage.

Coordinating Delivery

The process of managing and organizing the transportation of goods from the supplier to the customer in an efficient and timely manner.