MNB1601-23-S2 Welcome to MNB1601 Assessment 5
QUIZ
Started on Tuesday, 26 September 2023, 9:53 PM
State Finished
Completed on Tuesday, 26 September 2023, 10:00 PM
Time taken 7 mins 25 secs
Marks 15.00/20.00
Grade 75.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following options is NOT an inventory-control system?
Select one:
a. System of fixed-order quantities
b. Capital budgeting system
c. Cyclical-ordering system
d. Just-in-time system
The correct answer is: Capital budgeting system
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following is a disadvantage of holding too little inventory?
Select one:
a. Operating capital is tied up, with the resultant opportunity and interest costs.
b. Cost of production or job interruptions and the accompanying strained relations with users or marketers in the
business.
c. Losses in terms of depreciation, obsolescence, damage and theft.
d. Costs in terms of storage space, more warehouse staff and equipment, and larger insurance premiums.
The correct answer is: Cost of production or job interruptions and the accompanying strained relations with users or
marketers in the business.
QUIZ
Started on Tuesday, 26 September 2023, 9:53 PM
State Finished
Completed on Tuesday, 26 September 2023, 10:00 PM
Time taken 7 mins 25 secs
Marks 15.00/20.00
Grade 75.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which one of the following options is NOT an inventory-control system?
Select one:
a. System of fixed-order quantities
b. Capital budgeting system
c. Cyclical-ordering system
d. Just-in-time system
The correct answer is: Capital budgeting system
Question 2
Correct
Mark 1.00 out of 1.00
Which one of the following is a disadvantage of holding too little inventory?
Select one:
a. Operating capital is tied up, with the resultant opportunity and interest costs.
b. Cost of production or job interruptions and the accompanying strained relations with users or marketers in the
business.
c. Losses in terms of depreciation, obsolescence, damage and theft.
d. Costs in terms of storage space, more warehouse staff and equipment, and larger insurance premiums.
The correct answer is: Cost of production or job interruptions and the accompanying strained relations with users or
marketers in the business.
