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Inventory And Production Management Quiz 4 (25 MCQs)

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1. Natural abilities an individual is born with
2. What is a discount that a vendor gives to a buyer who places large orders?
3. Which of the following is NOT a common cause of inventory shrinkage?
4. What key aspect of inventory is focused on visibility on where exactly your inventory is as well as additions (purchases) and subtractions (sales), to give as close to a live stock figure as possible.
5. Given the following percentage costs of carrying inventory, calculate the annual carrying cost if the average inventory is IDR1 million. Capital costs are 10%, storage costs are 6%, and risk costs are 7%.
6. What is the formula for calculating the HPP Ratio?
7. Inventory policy information requires understanding the role of inventory in?
8. These are places where goods remain in their original crates, waiting to be broken down into more usable quantities.
9. Which one of the statement below is true? Function of Inventory.
10. The ideal order quantity a company should purchase for its inventory given a cost set of production, demand rate, and other variables is known as:
11. What is the name of method under discount quantity?
12. What type of inventory management is anything you use for packing and protecting goods-either while in storage, or during shipping to customers?
13. Just-in-time inventory management is when:
14. _____ are a form of guaran-teed payment.
15. Which of the following is correct, about your Professor?
16. Which of the following provides a buffer for seasonal demand?
17. The following are examples of the costs of holding stock except:
18. A box of Kellog's Corn Flakes is an example of what type of good?
19. The old standard of replying to chats of patients making purchases online is
20. What type of inventory management is there for retailers that manufacture their own products. These are unfinished items or components currently in-production, but not yet ready for sale?
21. Inventory is another word for:
22. Additional preparations held to protect or take care of the possibility of a shortage of goods / materials are
23. When demand is steady, cycle inventory and lot size are related as
24. The order cost per order of an inventory is RM400 with an annual carrying cost of RM10 per unit. The economic Order Quantity (EOQ) for an annual demand of 2000 units
25. Responsible for the movement and storage of materials as they move through the supply chain
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