question : in order to use the level capacity strategy, variation in demand are met by select one: a. using some combination of inventories, overtime, part time, subcontracting and back orders b. varying output by changing overtime levels C. varying output during regular time without changing employment levels d. price adjustments e. varying output during regular time by changing employment levels question : which is nonlinear cost in the basic EQQ model ? a. ordering b. space c. interest d. insurance e. taxes question : for an organization to properly function with low inventory when implementing a lean approach, they should ensure which of the following as a basic requirement ? select one: a. major problems must have been solved b. inventories must be reduced rapidly c. inventory space must be increased d. major problems must be identified e. inventory investment must be increased Question : which of the following is an important objective of lean philosophy that is also a shared objective of materials requirement planning ? Select one: a. eliminate process bottlenecks. b. reduce ( and ultimately eliminate ) "excess" inventory C. smooth the flow of production d. reduce overhead e. obtain high quality components