MGSC 395 FINAL EXAM QUESTIONS WITH VERIFIED ANSWERS

MGSC 395 FINAL EXAM QUESTIONS WITH VERIFIED
ANSWERS


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1 of 8

Term


Which of the following best describes the goal of a continuous review
inventory control system?
A) To ensure that marketing strategies align with inventory availability
B) To predict sales trends based on past purchase behavior
C) To monitor inventory levels and reorder when they hit a specific
point
D) To check the inventory in a fix period and reorder the amount that
will cover until the next period



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B) Large inventories increase D) To categorize items by their value
flexibility but risk obsolescence and consumption

, C) To monitor inventory levels D) Systematically gathering and
and reorder when they hit a analyzing past data to predict future
specific point trends
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2 of 8

Term


Which of the following best describes the trade-offs involving small
versus large inventories?
A) Small inventories maximize capital costs and storage
B) Large inventories increase flexibility but risk obsolescence
C) Small inventories always outperform large ones
D) Large inventories focus on high frequency deliveries



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C) To monitor inventory levels and B) Large inventories increase
reorder when they hit a specific point flexibility but risk obsolescence




D) Systematically gathering and
D) To categorize items by their value
analyzing past data to predict future
and consumption
trends


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3 of 8

Term