Question 9 True/False (Part g-l)

g)Operational decisions are most important, have effects over the long term, use many resources and are the most risky. These set the overall direction for operations.

Group of answer choices

True

False

h)If the rate of production is less than demand, there are no stocks.

Group of answer choices

True

False

i)Spare parts are not considered as inventories.

Group of answer choices

True

False

j)With price discounts, if a valid minimum is found, it must be the best order size.

Group of answer choices

True

False

k)Improved communications, together with better transport, mean that physical distances are becoming more significant. This trend helps globalization.

Group of answer choices

True

False

l)The lower the stock turnover ratio, the more efficient is the inventory management.

Group of answer choices

True

False