Question $1(2$ points$)$

The inventory amount can be found on which company financial statement?

Question $1$ options:

Consolidated Statement of Shareholders$$ Equity

Statement of Cash Flows

Balance Sheet

Income Statement

Statement of Inventories

Question $2(2$ points$)$

Which of the following is not a purpose of inventory?

Question $2$ options:

To maintain independence of operations

To meet variation in product demand

To allow flexibility in production scheduling

To provide a safeguard for variation in raw material delivery time

To take advantage of economic purchase order size

None of the above $-$ all answers can be considered purposes of inventory

Question $3(2$ points$)$

Which of the following is not an example of a single$-$period inventory model?

Question $3$ options:

Deciding how many newspapers to put in the sales stand outside a hotel lobby each day

Deciding how many Christmas trees to put on a sales lot for the upcoming Christmas holiday

Deciding how many T$-$shirts to order for a game day free give away at the university homecoming game

Walmart deciding how many cases of toilet paper to order on a monthly basis

None of the above $-$ all selections are examples of single$-$period inventory models

Question $4(2$ points$)$

The demand for automobiles is $\_\_\_\_\_\_\_\_\_\_\_\_$ of$/$on the demand for bicycles.

Question $4$ options:

none of the above

dependent

independent

Question $5(2$ points$)$

The demand for tires is $\_\_\_\_\_\_\_\_\_\_\_\_$ of$/$on the demand for automobiles.

Question $5$ options:

dependent

none of the above

independent