1. MNP2602-24-S1
2. Welcome Message
3. Assessment 2
QUIZ
Assessment 2
Question 1
Consider the table below which illustrates an example of G & D’s inventory which has an
ending inventory of R200 000 as of December 31, 2023 then answer questions below:
Month (in 2022) Ending Inventory (in R Cost of goods sold
value)
January R75 000 R 100 000
February R90 000 R1 200,000
March R85 000 R 950, 000
The monthly inventory turnover ratio for January based on the table above is:
a. 0,71
b. 14,55
c. 0,73
d. 10,86
Question 2
Purchasing is seen as a key strategic organisational process rather than a narrow specialised
supporting function to the overall organisational strategy. A primary goal of purchasing is to…
a. move and store goods.
b. maintain a predetermined level of stock.
c. stop the flow of raw materials if prices increase.
d. maximise customer satisfaction.
Question 3
Apple Computers, an organisation that designs, develops and sells computers decided to
outsource the manufacturing of a memory chip that they use in their computers because their
engineers were not well trained to manufacture it in-house. The reason for Apple Computers to
outsource would be the following:
a. no competent supplier
b. capacity restrictions
c. controlling transportation and lead-times
2. Welcome Message
3. Assessment 2
QUIZ
Assessment 2
Question 1
Consider the table below which illustrates an example of G & D’s inventory which has an
ending inventory of R200 000 as of December 31, 2023 then answer questions below:
Month (in 2022) Ending Inventory (in R Cost of goods sold
value)
January R75 000 R 100 000
February R90 000 R1 200,000
March R85 000 R 950, 000
The monthly inventory turnover ratio for January based on the table above is:
a. 0,71
b. 14,55
c. 0,73
d. 10,86
Question 2
Purchasing is seen as a key strategic organisational process rather than a narrow specialised
supporting function to the overall organisational strategy. A primary goal of purchasing is to…
a. move and store goods.
b. maintain a predetermined level of stock.
c. stop the flow of raw materials if prices increase.
d. maximise customer satisfaction.
Question 3
Apple Computers, an organisation that designs, develops and sells computers decided to
outsource the manufacturing of a memory chip that they use in their computers because their
engineers were not well trained to manufacture it in-house. The reason for Apple Computers to
outsource would be the following:
a. no competent supplier
b. capacity restrictions
c. controlling transportation and lead-times
