Inventory Management

Inventory Management

University

12 Qs

quiz-placeholder

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Quiz Topic 9

Quiz Topic 9

University

10 Qs

Inventory Management

Inventory Management

Assessment

Quiz

Education

University

Hard

Created by

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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