Inventory Management Paper 12

1

The economic order quantity formula assumes that






2

Firms that maintain very low or no inventory levels






3

An example of a carrying cost is






4

Which of the following is a characteristic of just-in-time (JIT) inventory management systems?






5

To evaluate the efficiency of purchase transactions, management decides to calculate the economic order quantity for a sample of the company’s products. To calculate the economic order quantity, management would need data for all of the following except:






6

The amount of inventory that a company would tend to hold in stock would increase as the






7

An appropriate technique for planning and controlling manufacturing inventories, such as raw materials, components, and sub assemblies, whose demand depends on the level of production, is






Result

Total Questions:
Correct Answers:
Wrong Answers:
Percentage: