REVISION FOR FINAL

REVISION FOR FINAL

University

20 Qs

quiz-placeholder

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REVISION FOR FINAL

REVISION FOR FINAL

Assessment

Quiz

Other

University

Hard

Created by

Aeyda Reen

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inventory management refers only to the storage of goods in a warehouse

TRUE

FALSE

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Just-in-Time (JIT) inventory management reduces storage and insurance costs.

FALSE

TRUE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economic Order Quantity (EOQ) is used to determine how much inventory should be ordered  

at one time

FALSE

TRUE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a company follows the JIT approach, it keeps a large amount of inventory in stock to

prevent shortages

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lower Days Sales of Inventory (DSI) generally means a company is able to sell its inventory

faster

FALSE

TRUE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Order batching can contribute to the bullwhip effect by causing irregular demand patterns

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Order batching can contribute to the bullwhip effect by causing irregular demand patterns

TRUE

FALSE

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