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In most cases, demand for products or services can be broken into several components. Which of the following is considered a component of demand?

What three functional areas make up the manufacturing operating cycle?

If a small company has average daily sales of $5,000 and accounts receivable of $150,000, what is the average days of accounts receivable?

Which of the following is considered a primary report in an MRP system?

If annual demand is 6,125 units, annual holding cost is $5 per unit, and setup cost per order is $50, which of the following is the EOQ lot size?

A typical ERP system has modules that use the same user interface, similar to that of Microsoft Office products.

It is difficult to identify the trend in time series data.

A simple project listing of five activities and their respective time estimates are presented here: Using CPM, which activities make up the critical path?

For an activity in a CPM analysis, the early finish time is 20 and the late finish time is 20. Which of the following statements is true?

Random errors in forecasting occur when an undetected secular trend is not included in a forecasting model.