Question 14 5 pts Assume that a consumer packaged good company has a current order fill rate of 85%. If the percentage of incomplete orders back-ordered is 70% (of 15%) and by promising shipment within 48 hours, incomplete orders back ordered increases to 75% (of 15%), cash flow should increase (ile. the firm should have a decrease in cash flow lost). O Cannot be determined because penalty cost is not known Cannot be determined because average order site is not knows Incorrect O Correct D Question 15 5 pts In our MRP calculations we relied on lot for lot or EOQ to satisfy net requirements. Lot-for-lot is appropriate when and EOQ is appropriate when O holding costs are high/ordering costs are AND holding costs are low/ordering costs are high O cannot be determined from the information provided holding costs are low/ordering costs are high AND holding costs are high/ordering costs are low holding and ordering costs are high / holding and ordering costs are low Question 16 5 pts Which of the following statements is true? O MRP requires input from Customer Orders. Demand forecasts, Bill of Materials, Inventory Status and the Master Production Schedule When working through an MRP record, it is not necessary to follow alphabetical order, it is more important to be sure that all subcomponents are completed before the parent item. All of the statements are true. O MRP is used to manage dependent demand The time lapse between a planned order release and a planned order receipt is the amount of time it takes for an item to be shipped from a supplier or to be produced in the company's facility