
Inventory Management

Quiz
•
Education
•
University
•
Hard
Vy Hà
Used 1+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which answer is correct?
Quantity Discount is reduced price for items purchased in large quantities.
Quantity Discount is increased price for items purchased in large quantities.
Quantity Discount is reduced price for items purchased in small quantities.
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The formula for calculating the Total annual cost is:
Total annual cost = Annual setup (ordering) cost - Annual holding cost + Annual product cost
Total annual cost = Annual setup (ordering) cost +Annual holding cost + Annual product cost
Total annual cost = Annual setup (ordering) cost - Annual holding cost - Annual product cost
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many advantages are there in cycle counting?
2
3
4
5
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The Economic Order Quantity is the technique which
solves the problem of --------
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
ROP = d x --- + ss
D
A
L
E
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Annual demand for notebook binders at Meyer’s Stationery Shop is 10,000 units. Brad Meyer operates his business 300 days per year and finds that deliveries from his supplier generally take 5 working days. Calculate the reorder point for the notebook binders.
165
167
190
200
7.
FILL IN THE BLANK QUESTION
1 min • 1 pt
The single period inventory model is often explained in terms of the "----- problem."
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