Consider the following inventory control schedule or plan and then answer questions accordingly. Given Information: Order Quantity = 150 units reprder point = 40 units Make sure you place an order at the end of the day Lead time is 2 days ( it takes 2 days to receive any order you may place) Day Monday Tuesday Wednesday Thursday Order Starting 100 inventory Demand 70 20 30 20 Ending Inventory According to your plan of inventory control, you should receive the first ordered quantity at the end of O Monday Tuesday O Wednesday O Thursday QUESTION 17 Every business organization is part of at least one supply chain. O True O False QUESTION 18 A local distributor for a national tire company expects to sell approximately 5000 tires (this is the expected annual demand, D) of a certain size and tread design next year. Annual carrying cost is $5 per tire (H) and ordering cost is $20 per an order. What is the optimal order quantity (EOQ)? O 100 200 300 400 QUESTION 19 In Low-Volume Systems, Job Shop Scheduling is used when all jobs have the same direction O True O False QUESTION 20 The following choices are keys in total quality management (TQM) approach EXCEPT ---- Never-ending push to improve (continuous improvement) O Involvement of everyone O Meet or exceed customer expectation to reach satisfaction level O Quality at the source is very important since workers are not fully responsible for doing the job right first time