In operations, outputs must always by tangible.

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True

False

One of the objectives of controlling inventory is to maximize sales by ensuring that there is a sufficient assortment of merchandise for display or delivery.

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True

False

Michael Hammer and James Champy are noted for their advocacy of reengineering.

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True

False

If management expertise is limited, a small firm should make rather than buy component parts.

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True

False

Concentration of purchases with one supplier has the advantage of facilitating prompt treatment of rush orders.

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True

False

Akbar's company sells roses. It is customary for 20% of his entire annual sales to occur on Valentine's Day. What is most critical to Akbar's business to avoid stocking out on this day?

a. outsourcing

b. inventory control

c. reciprocal buying

d. taking purchase discounts

\The kanban and just-in-time inventory systems are similar in nature.

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True

False

Good relationships with suppliers are important in any business, but their importance increases as business size increases.

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True

False

Job shops in manufacturing typically have long production runs of unique items.

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True

False