QUESTION 21 When a firm combines multiple languages on one user manual, that virtual aggregation is refered to as a. Component commonality b. Postponement Product substitution d. Information centralization QUESTION 22 A component used by a manufacturer increases in cost by 10%. All other values being constant, the average Inventory of that item for the manufacturer will a. Stay the same b. Decrease by 10% c Increase by 10% d. Decrease by less than 10% QUESTION 23 The primary role of cycle inventory is a. To account for variability of demand b. Assuring product fill rate c. Meeting supply chain uncertainty d. Minimize cost of material, holding and ordering costs QUESTION 24 Cost of capital, tariffs, tax rates and obsolescence costs are typically included in a. Set up cost b. Holding cost c. Material cost d. Inventory cost QUESTION 25 An automated inventory system will enable a retailer to reduce their ordering cost by 50%. Assuming demand and product cost stay the same, after implementing the new system a Inventory will be reduced b. Lead time will increase The retailer's economic order quantity will decrease d. Retailer's labor cost will rise