Title: Unit 7 Quiz
Course: ENGY 113 Plant Maintenance > Section: ENGY 113 Plant Maintenance

Q: Maintenance depends heavily on on the availability of spare parts.
- True
- False
A: True

Q: Inventory control is important due to budget considerations.
- True
- False
A: True

Q: Inventory control means to decide which items should be stored and which should be ordered as needed.
- True
- False
A: True

Q: Location control of spare parts is critical to a productive maintenance department.
- True
- False
A: True

Q: Control policies are not needed for inventory.
- True
- False
A: False

Q: Holding costs are defined as carrying inventory over time.
- True
- False
A: True

Q: Economic order quantity is the inventory budget.
- True
- False
A: False

Q: Safety stock prevents the risk of running out of stock.
- True
- False
A: True