MGT 366 Exam 2 GVSU Ebrahimi UPDATED
ACTUAL Questions And Correct Answers
C
Terms in this set (59)
Which of the following is NOT a pressure for large Inventory deterioration
inventories? 3 multiple choice options
What does inventory management do? Planning and controlling inventories to meet organizational priorities
3 multiple choice options
Which of the following situations commonly uses a Retail items ordered on a weekly or monthly schedule
periodic review system? 3 multiple choice options
Pipeline inventory refers to: Inventory that is ordered but in transit
3 multiple choice options
Shrinkage can occur due to: Pilferage, obsolescence and deterioration
3 multiple choice options
Which of the following pressures encourages companies Customer service requirements
to keep large inventories? 3 multiple choice options
In a periodic review inventory system, inventory levels are At fixed time intervals
checked: 3 multiple choice options
Which system typically results in lower safety stock Continuous review system
requirements? 3 multiple choice options
EOQ should NOT be used when: The company follows a make-to-order strategy
3 multiple choice options
The purpose of ABC analysis is to: Focus attention on high-value inventory items
3 multiple choice options
In a continuous review system, the time between orders is Variable depending on demand rate
usually: 3 multiple choice options
The Economic Order Quantity (EOQ) represents: The order quantity that minimizes total holding and ordering costs
3 multiple choice options
ACTUAL Questions And Correct Answers
C
Terms in this set (59)
Which of the following is NOT a pressure for large Inventory deterioration
inventories? 3 multiple choice options
What does inventory management do? Planning and controlling inventories to meet organizational priorities
3 multiple choice options
Which of the following situations commonly uses a Retail items ordered on a weekly or monthly schedule
periodic review system? 3 multiple choice options
Pipeline inventory refers to: Inventory that is ordered but in transit
3 multiple choice options
Shrinkage can occur due to: Pilferage, obsolescence and deterioration
3 multiple choice options
Which of the following pressures encourages companies Customer service requirements
to keep large inventories? 3 multiple choice options
In a periodic review inventory system, inventory levels are At fixed time intervals
checked: 3 multiple choice options
Which system typically results in lower safety stock Continuous review system
requirements? 3 multiple choice options
EOQ should NOT be used when: The company follows a make-to-order strategy
3 multiple choice options
The purpose of ABC analysis is to: Focus attention on high-value inventory items
3 multiple choice options
In a continuous review system, the time between orders is Variable depending on demand rate
usually: 3 multiple choice options
The Economic Order Quantity (EOQ) represents: The order quantity that minimizes total holding and ordering costs
3 multiple choice options
