The activities related to coordinating, controlling and planning flow of inventory are classified as ___________?
A. decisional management B. throughput management C. inventory management D. manufacturing management
Accounting MCQs with Answers
If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?
A. 678 packages B. 648 packages C. 658 packages D. 668 packages
Which of the following is an example of purchasing costs?
A. incoming freight B. storage costs C. insurance D. spoilage Insurance is an example of purchasing costs. It is important when you decide to buy a home that you have a full understanding of the costs associated with your purchase.
If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be __________?
A. $5,000 B. $4,500 C. $5,500 D. $6,000
The cost of product failure, error prevention and appraisals can be classified under ___________?
A. stocking costs B. stock-out costs C. costs of quality D. shrinkage costs
The required rate of return, is multiplied per unit cost of purchased units to calculate __________?
A. irrelevant inventory carrying costs B. relevant opportunity cost of capital C. relevant purchase order costs D. relevant inventory carrying costs
The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as __________?
A. supply chain B. value chain C. material flow chain D. manufacturing flow chain
An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate ____________?
A. annual irrelevant ordering costs B. annual relevant carrying costs C. annual relevant ordering costs D. annual irrelevant carrying costs
The relevant incremental costs are added into the relevant opportunity cost of capital to calculate ___________?
A. purchase order costs B. relevant inventory carrying costs C. irrelevant inventory carrying costs D. relevant ordering costs