Search Header Logo

Module 1 - Mock test 1

Authored by Work PTN

Other

Professional Development

Module 1 - Mock test 1
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inventory partially completed/finished goods that are still in production are called

Production inventories

MRO Inventories

In process inventories

Finished goods inventories

Answer explanation

Subject 1,Chapter 4 - Inventory management

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inventory as safety stock to cater break downs/ uncertainties are called

Transaction inventories

Speculative Inventories

In process inventories

Precautionary inventories

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

-------------------- is guidelines concerning what to purchase/manufacture, when to take action and in what quantity.

Warehouse policy

Inventory policy

marketing policy

none of these

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

--------------------------------is the time elapsed between the release of a purchase order by a customer and the receipt of corresponding order by him

Supply time

Order cycle time

reordering quantity

Just in time

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If 100 cases ordered and only 95 only sent with the available stock, the ----------- is 95%

Order level

Case fill rate

EOQ

Stocking rate

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?