Multiple choice question (mcq) on inventory
- 1. MULTIPLE CHOICE QUESTION (MCQ) ON LOGISTICS MANAGEMENT
- 2. • (a) Logistics Management • (b) Materials of Management • (c) Bill of Materials • (d) None of the above 1………….includes design and administration of system to control the flow of materials, WIP and finished inventory to support business unit strategy.
- 3. 2. Which Is not a part of basic system of codification? • Alphabetical System • Numerical System • Color Coding System • None of the above
- 4. 3. …………and physical distribution are the two major operations of logistics • Supply Chain Management • Materials Management • Logistics Management • None of the above
- 5. 4. ……….is the time that elapses between issuing replenishment order and receiving the material in stores. • Replenishment time • Lead time • Idle time • None of the above
- 6. 5 . Which of the following forms of evaluating merchandise is most appropriate for standardized, non- breakable, and nonperishable merchandise? • sampling • Inspection • Description • final selection
- 7. 6 . Off -price retailers and other deep discounters generally employ which form of buying? • opportunistic buying • decentralized buying • resident buying house buying • long-term buying contract
- 8. 7. Payments required by retailers for providing shelf space in stores are: • shelf facing fees • slotting allowances • multiple shelf face allowances • shelf space allowances
- 9. 8. Inventory risk to a retailer is lowest in a: • short-term supply contract • long-term supply contract • consignment purchase • negotiated purchase
- 10. 9. Which of the following can result by maintaining a large inventory? • quantity discounts obtained on larger orders • low investment costs • high transportation charge • difficulty with control and handling
- 11. 10. Which of the following is not a potential advantage of maintaining a small inventory? • low investment costs • low impact of order delay on sales • low storage costs • low obsolescence
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