One use of perform is A. To ensure that item cost is maximized. B. To tightly synchronize a​ firm"s production with its​ customers" demand. C. Come tightly synchronize production and distribution processes. D. To provide a hedge versus inflation.

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Which the the complying with is no a type of​ inventory? A. Raw product B. MRP C. Finished items D. ​work-in-process
ABC analysis divides an​ organization"s on-hand inventory into three classes based upon A. Annual dollar volume. B. Unit price. C. Yearly demand. D. The number of units ~ above hand.
Which of the complying with does no belong to ordering​ costs? A. Interest payments B. Order processing C. Price of provides D. Clerical support
What is the cost to prepare a maker or process for​ production? A. Preparation expense B. Holding cost C. Setup price D. Ordering cost
A statistical design applicable when product demand or any other variable is no known but can be mentioned by means of a probability distribution is referred as A. A quantity discount model. B. A probabilistic model. C. The EOQ. D. A durable model.
What is a system for ordering items that have tiny or no worth at the finish of a sales​ period? A. EOQ B. ROP C. ​single-period inventory version D. Manufacturing order quantity model
For seasonal​ products, the business level need to be set to same A. Overage cost​ / (overage expense minus− shortage​ cost). B. Shortage cost​ / (overage cost​ + shortage​ cost). C. Shortage cost​ / (overage cost minus− shortage​ cost). D. Overage cost​ / (overage cost​ + shortage​ cost).
A system that triggers ordering on a uniform time basis is referred to as A. A​ fixed-quantity system. B. A reorder allude system. C. One EOQ system. D. A​ fixed-period system.
Which of the adhering to is NOT one of the assumptions of​ fixed-period systems? A. Lead times are variable. B. The just relevant prices are the ordering and also holding costs. C. Items are independent of one another. D. Command times space known.
One usage of perform is A. To administer a hedge against inflation. B. To tightly synchronize a​ firm"s production with its​ customers" demand. C. To tightly synchronize production and also distribution processes. D. Come ensure the item price is maximized.
The target of inventory management is to A. Take benefit of amount discounts. B. Decouple miscellaneous parts the the production process. C. Carry out a an option of products for anticipated customer demand. D. Win a balance in between inventory investment and customer service.
Which that the following varieties of inventory describes inventory that has actually been purchased yet not​ processed? A. ​work-in-process perform B. ​maintenance/repair/operating supply inventory C. ​finished-goods list D. Raw product inventory
Which the the complying with does not belong come holding​ costs? A. Storage costs B. ​pilferage, scrap, and obsolescence C. Order processing D. Insurance money on inventory
Inventory manage models assume that demand for an object is A. Constantly independent on the demand for other items. B. The same to the need for various other items. C. Constantly dependent on the demand for various other items. D. One of two people independent that or dependent on the demand for various other items.
A​ single-period inventory design is no applicable for A. Seasonal goods. B. Milk. C. Furniture. D. Newspapers.
A device that keeps track of each withdrawal or addition to inventory consistently is A. A fixed duration system. B. A constant monitoring system. C. A perpetual list system. D. A continuous inventory system.
Policies based on ABC evaluation might encompass investing A. The most time and also effort verifying the accuracy of documents for B items. B. Much more in supplier development for A items. C. Extra care in forecasting for C items. D. Much more in inventory defense for C items.
In the​ single-period inventory​ model, the overage expense is A. Price per unit minus− sales price every unit. B. Cost per unit minus− salvage value per unit. C. Sales price every unit minus− cost per unit. D. Salvage worth per unit.

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The suitable level of safety stock is commonly determined through A. Picking the level of security stock the assures a given organization level. B. Carrying sufficient safety share so as to eliminate all stockout. C. Minimizing the supposed stockout cost. D. Taking the square source of the economic order quantity.
Inventory record accuracy would certainly be lessened by A. ABC analysis B. Cycle counting C. Raising stockroom ease of access D. Reorder point out