17 Questions
In the basic EOQ model with no shortages, which assumption does not apply?
There is a positive cost on each unit inventoried
What will cause the optimal lot size in the classic EOQ model to increase?
An increase in demand
During loan repayment, what is a borrower almost always required to do?
Both options A and C
How is 'work in process' classified?
An asset
What does the IPC spending variance represent?
The difference between the actual IPC and IPC volume-adjusted budget
What does the Economic Order Quantity (EOQ) minimize?
Inventory cost per unit time
Which of the following best describes a material that has been spheroidized, cold drawn, and slightly tempered?
Ideal for making ball bearings
What are the matrix elements of Z in order of descending data magnitude?
Z(2,2), Z(1,1), Z(2,1), Z(1,2)
Where do stress concentrations occur?
Near the points of application of concentrated loads
After the program segment is performed, what are the values of X and Y?
X=0, Y=0
What is the purpose of the program segment involving the DIMENSION and DO loops?
To find a sum of the even numbers between 1 and 100
What is the correct definition of normal strain (ε) in terms of elongation (δ) and length (L) of a specimen?
$ε = δ/L$
What is the value of R in the MAIN program based on the given statements?
A=3.0, B=4.0
In a stress-strain diagram, what is the correct term for the stress level at ε = 0.2% offset?
The offset yield stress
Under which type of loading does fatigue occur?
Repeated load
Which of the following are true statements regarding user-defined functions?
I and III.
When a load is removed from a material and the strain disappears, what can be deduced about the material?
It is elastic
Test your knowledge on the assumptions of the basic Economics Order Quantity (EOQ) model with no shortages. Identify which statement does not belong to the assumptions of the EOQ model.
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