Choose the right answer:

1- Throughput time: 120 minutes.

Value-added time: 160 minutes

Actual output: 5,000 units

Standard output: 6,000 units

Time a resource is used: 5 days

Time a resource is available: 7 days

a) Productivity: 1.5

b) Process velocity: 3/4

c) Utilization: 1

d) Efficiency: 0.96

2- The formula for EOQ economic order quantity does:

a) minimizes total inventory costs by minimizing the sum of ordering/producing and carrying costs.

b) maximizes the profits from ordering/producing costs and from carrying costs.

c) minimizes the ordering/producing costs

d) resolves the question of cost of goods in themselves.

3- What would be the best definition of "waste" for Japanese production systems or for JIT:

a) Any activity inside the value chain that needs a lot of cleaning afterwards.

b) Idle workers in the flow of information.

c) Any activity that doesn't add value within the value chain or that impairs its equilibrium.

d) Having the administrative and accounting personnel count the actual physical units produced.