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Inventory Management Quiz

Authored by Thu Hien

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Inventory Management Quiz
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17 questions

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1.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What is a tangible?

A physical item actually kept within the facility

An item existing within the company's records

2.

MULTIPLE CHOICE QUESTION

10 sec • 15 pts

What is an intangible?

A physical item actually kept within the facility

An item existing within the company's records

3.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What does inventory include?

Company's raw materials

Work in process

Supplies used in operations

All of them

4.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

Do inventory costs generally fall into ordering costs and shipping costs?

True

False

5.

MULTIPLE CHOICE QUESTION

10 sec • 10 pts

What do inventory costs generally fall into?

Sales expenditures

Work in process

Line during the annual physical inventory

Ordering costs and holding costs

6.

MULTIPLE CHOICE QUESTION

10 sec • 15 pts

What does 'JIT' stand for?

Just-in-time

Just-in-table

Just-in-tangible

Just-in-theft

7.

MULTIPLE SELECT QUESTION

10 sec • 10 pts

What does holding costs include?

Inventory (the opportunity cost of money)

Storage costs such as rent

The salaries of those purchasing the product

A and B

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