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b. Risk reduction
c. Risk assessment
d. Risk avoidance
Question 2 If the demand for an item is doubled and ordering cost halved, the
Correct economic order quantity
b. Remains unchanged
c. Is doubled
d. Increases by a factor of 2
b. Any type
b. Cost of machining
c. Ordering cost
d. Maintenance cost
b. Maintenance
d. Marketing
b. Tricresyl phosphate
c. Soapstone
d. Mica
b. Additive
c. Thickness fibre
d. All of above
b. Cloud point
c. Flash point
d. None
Question 10 In the two-bin system, the quantity in the second bin is equal to the:
Correct
Select one:
Mark 1.00 out of
1.00 a. Economic Order Quantity (EOQ)
d. None of these
b. Screen misalignment
d. None
Question 12 A company uses 2555 units for an item annually. Delivery lead time is 8
Correct days. The reorder point in number of units to achieve optimum inventory is
-
Mark 1.00 out of
1.00
Select one:
a. 56
b. 7
c. 8
d. 60
b. Procurement Department
c. Operations Department
d. Finance Department
Question 14 Which solid lubricant is mixed with grease for long life lubrication and for
Correct low friction applications
b. Graphite
c. Molybdenum disulphide
d. None
Question 16 Which of the following assumptions is not correct for Economic Order
Correct Quantity technique
Question 18 Optimal order quantity (Q^*) for Economic Order Quantity technique is
Correct given by
Select one:
a. Q*=(CD/2H)
b. Q*=(2CD/H)
c. Q*=(2H/CD)
d. Q*=(H/2CD)
d. Cannot be determined
Question 20 The flash point apparatus used for low flash point lubricants is
Correct
Select one:
Mark 1.00 out of
1.00 a. Falex tester
b. Spectroscope
d. Tag tester
Question 22 When the annual demand of a product is 24000 units, the Economic Order
Incorrect Quantity is 2000units. If annual demand is 48000 units the approximate
EOQ will be -
Mark 0.00 out of
1.00
Select one:
a. 1000
b. 2800
c. 4000
d. 2000
b. To reduce wear
d. All of above
b. Hydrocarbon oil
c. Polymeric oil
d. None of above