Most inventory models are based on A) profit maximization. B) optimum influence on demand. C) minimizing setup times. D) cost minimization. E) minimizing lead time.

Which of the following costs of quality are incurred when customers redeem a warranty? A) costs of prevention B) costs of detection/appraisal C) external costs of failure D) internal costs of failure

The ABC method of classification classifies inventory by: A) unit costs B) annual costs C) annual usage D) unit costs x annual usage E) annual costs x annual usage