Which inventory method involves maintaining a consistent and predetermined level of inventory, placing orders only when the stock falls below a certain point.

Just in time $($JIT$)$

Economic order quantity $($EOQ$)$

ABC analysis

Safety stock management

Which of the following is a characteristic of items categorized as $"A"$ in ABC analysis?

High$-$value items with low usage frequency

Low$-$value items with high usage frequency

Medium$-$value items with medium usage frequency.

Low$-$value items with low usage frequency.

A hospital emergency department serves an average of $50$ patients per day. The department operates $24$ hours a day. There is always a waiting line for minimum $3$ patients. Calculate the takt time for treating one patient.

$28\mathrm{.}2$

$18\mathrm{.}4$

$38\mathrm{.}6$

$28\mathrm{.}8$

Time study techniques are used exclusively in manufacturing and their application is limited in service industries.

TRUE

FALSE

Which of the following is the primary objective of time study methods?

Employee motivation

Cost reduction

Efficiency measurement

Market expansion