Question 6 options:

More than 0 but less than or equal to 400

More than 400 but less than or equal to 500

More than 500 but less than or equal to 600

More than 600 but less than or equal to 700

none of the choices are correct

Question 7 (1 point)

Inventory costs incurred for making different types of products would most likely be included in ______________.

Question 7 options:

holding cost

setup cost

shortage cost

ordering cost

warranty cost

Question 8 (1 point)

An item may not have high dollar volume, yet it may be classified as a Class A item if it is critical/essential for running a business.

Question 8 options:

	True
	False

Question 9 (1 point)

Company XYZ sales 200 units of a product per month. The supplier of this product takes four days to deliver an order to company XYZ site. If company XYZ is open for business twenty-five days per month, assuming constant demand, calculate reorder point. [Select the appropriate range in which your answer falls.]

Question 9 options:

More than 0 but less than or equal to 10

More than 10 but less than or equal to 20

More than 20 but less than or equal to 30

More than 30 but less than or equal to 40

More than 40

Question 10 (1 point)

Many firms believe that having full time employees devoted to cycle counting is less costly than annual inventory count performed during shutdown.

Question 10 options:

	True
	False

Previous PageNext Page

Page