$944130.$ What does the "Economic Order Quantity" $($EOQ$)$ model help a company determine?

a$)$ The optimal product price

b$)$ The most efficient production process

c$)$ The optimal order quantity that minimizes total inventory costs

d$)$ The lead time for ordering raw materials

$31.$ What is "Cycle Time" in the context of operations management?

a$)$ The time it takes to complete one unit of production from start to finish

b$)$ The time between the receipt of an order and its delivery to the customer

c$)$ The time it takes for a company to receive raw materials from suppliers

d$)$ The time spent on quality control processes

$32.$ Which of the following is an example of a "push" production system?

a$)$ Products are made based on actual customer demand

b$)$ Production is based on forecasted demand, and goods are pushed through the production process

c$)$ Production processes are synchronized with customer orders

d$)$ Items are produced only after they are ordered

$33.$ What is "Simulation" used for in operations management?

a$)$ To create new products based on market demand

b$)$ To model complex systems and test different scenarios for optimization

c$)$ To generate inventory forecasts for the coming year

d$)$ To train employees in specific operational tasks

$34.$ Which of the following is most important in a "service$-$based" production system?

a$)$ High inventory turnover

b$)$ Standardized production processes

c$)$ Consistency in service delivery and customer satisfaction

d$)$ Large$-$scale production efficiency