5. For managing supply we can use either Level or Chase production strategies. Which production strategy would be most appropriate for a factory producing Halloween candy? Explain your answer. (Assume the Halloween candy has > 1 year shelf life.)

6. Aggregate Planning and Master Production Scheduling. Which statement is true? Select one only:

a. The aggregate plan (sales and operations planning) is a common point at which capacity an inventory can be considered jointly by all constituents and provides inputs to financial plans, demand management, personnel, and detailed scheduling systems

b. The aggregate plan (sales and operations planning) specifies monthly outputs in aggregate quantities.

c. The Master Production Schedule (MPS) controls the timing and quantity of production for products or product families.

d. The Master Production Schedule (MPS) typically uses a weekly (rather than monthly) planning interval and specifies particular products (e.g. different models), rather than aggregate output (e.g. families of products).

e. All statements are true.