operation fundamental thx a lot
2.
Units that an organization will carry over and above Q in orderto meet contingency is known as?
| A. | Overflow stock |
| B. | Extra inventory |
| C. | Safety Stock |
| D. | Safety inventory |
3.
The following are components of what type of inventory cost:finance charges, warehousing, and shelf space, handling equipment,bookkeeping, insurance, taxes or spoilage?
| A. | Total cost |
| B. | Ordering cost |
| C. | Holding cost |
| D. | Maintenance cost |
4.
The objective of Inventory Management is to……
| A. | Ensure product is available to meet customer demands. |
| B. | Strike a balance between inventory investment and customerservice. |
| C. | Minimize costs of buy raw materials. |
| D. | Maintain enough raw materials for production. |
5.
Method used to determine the best routes to ship from severalpoints of supply (sources) to points of demands (destination) tominimize production and shipping costs.
| A. | The Factor- Rating Method |
| B. | Location Cost-Volume Analysis |
| C. | Center-of-Gravity Method |
| D. | Transportation Model |
6.
What type of decision would taxes, labor availability andenvironmental regulations part of?
| A. | Site |
| B. | Region |
| C. | Country |
| D. | Rural |
7.
Inventory management solves what two basic issues?
| A. | The amount of raw material needed for production andcustomers. |
| B. | The amount of raw material needed for production andcustomers. |
| C. | How much and when to order. |
| D. | How much goods and services are needed to meet demand and how todeliver the goods and services. |
