Question $1(1$ point$)$

Which among the following systems, improves the overall performance of

the organization and helps to achieve efficient distribution and delivery

system?

Question $1$ options:

Lead$-$time offsetting

Master production system

customer feedback

Just$-$in$-$Time

Question $2(1$ point$)$

By knowing the $\_\_\_\_\_\_\_\_\_,$ an organisation knows the cost of items that

has to be refilled or added to inventory.

Question $2$ options:

variable cost

purchase cost

selling cost

replenishment cost

Question $3(1$ point$)$

Reorder point $=\_\_\_\_\_\_\_+\_\_\_\_\_\_\_.$

Question $3$ options:

safety stock; demand

lead time demand; reorder level

lead time demand; safety stock

lead time; daily sales

Question $4(1$ point$)$

The time period between placing two successive orders is called $\_\_\_\_\_\_$ and

the time period between ordering an item for replenishment and actually

receiving the item into the inventory is called $\_\_\_\_\_\_\_.$

Question $4$ options:

idle time; lead time

lead time; order cycle

order cycle; idle time

order cycle; lead time

Question $5(1$ point$)$

Inventory carrying cost consists of $\_\_\_\_\_\_\_\_\_\_$

Question $5$ options:

storage cost and shipping cost

storage cost and handling cost

storage cost and physical management cost

None of the above

Question $6(1$ point$)$

Inventory Turnover Ratio is calculated as $\_\_\_\_\_\_\_\_.$

Question $6$ options:

Total goods sold$/$average inventory at cost

Cost of goods sold$/$ Total goods sold

Total goods sold$/$cost of goods sold

Cost of goods sold$/$average inventory at cost

Question $7(1$ point$)$

Receivables means $\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $7$ options:

book debts

debtors

accounts receivables

all the above

Question $8(1$ point$)$

The main aim of receivables management is to maximise the value of the firm by obtaining a trade$-$off between $\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $8$ options:

liquidity and risk

return and profitability

liquidity and profitability

risk and profitability

Question $9(1$ point$)$

The accounts receivable that cannot be collected because of bankruptcy

or any other reason is known as $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_.$

Question $9$ options:

bad accounts

collectible accounts

doubtful accounts

uncollectible accounts

Question $10(1$ point$)$

Selling accounts receivable to a third party at a reduced price is part of the

collection process and is called as $\_\_\_\_\_\_\_\_\_.$

Question $10$ options:

Writing$-$off

Discounting

Bad debts

Factoring