(TCO 12) Low-level coding is required when Student Answer: multiple requirements exist for the same item. identical items exist at various levels in the BOM. items do not exist at a low enough level in the BOM. planning bills have extensive levels in the BOM. confusion exists with regard to the level of an item in a BOM. Question 2. Question : (TCO 12) Lot-for-lot approach to lot sizing is most applicable to which type of environment? JIT Make to stock Make to order Mass production Question 3. Question : (TCO 12) The result of adjusting gross requirements for inventory on hand and scheduled receipts is(are) reduced material requirements. production needs list. net requirements plan. available for scheduling list. None of the above Question 4. Question : (TCO 12) The time required to acquire an item is known as buffer time. a bottleneck. cycle time. purchase time. lead time. Question 5. Question : (TCO 12) Safety stock is used to protect against variability in bills of material. inventory records. demand. lead times. All of the above None of the above Question 6. Question : (TCO 12) Time units in a material requirements planning system are called Student Answer: increments. cans. modules. troughs. buckets.