1. Describe the type of budgeting process that can be used for project management?
2. Which of the following actions most likely will serve to reduce economic lot size? ( the answer is D, could you let me know the reasons in details why the answer is D) Tks.
a. Decreasing the number of items
b. Decreasing the unit of cost of items
c. Increasing the cost of ordering items
d. Increasing the cost of carrying inventory
3. Which of the following terms refers to that which "Pulls" production to the constraint for processing? (the answer is C, could you let me know the reasons in details? tks.)
a. Drum
b. Buffer
c. Rope
d. Kanban