Give two methods of evaluating Inventory? And give (2) examples of how it may be applied? Which of the following definitions is incorrect? Anticipation inventory - to cover future demand Fluctuation inventory - to provide safety stock Lot size inventory - acquire in greater quantities than needed im Hedge inventory - to protect against demand variations Give two methods of evaluating Inventory? And give (2) examples of how it may be applied? Which of the following correctly lists stages of the hierarchy of planning - in sequence from highest level to lowest value plans? Sales \& Operations Planning, Capacity Requirements Plan, Business Plan Material Requirements Plan, Sales \& Operations Planning, Capacity Plan Business Plan, Sales \& Operations Plan, Master Schedule Master Schedule, Production Plan, Production Activity Control The measure of the output that can be expected for a work center is called? Utilization rate Efficiency rate Available capacity Rated capacity