The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?

Related Mcqs:

1. The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?

   A. budget production
   B. planned production
   C. setup production
   D. stand by production

2. The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?

   A. manufacturing sector companies
   B. merchandising sector companies
   C. service sector companies
   D. raw material companies

3. The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?

   A. carrying costs
   B. purchasing costs
   C. stock-out costs
   D. ordering costs

4. The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?

   A. proration approach
   B. appreciation approach
   C. depreciation approach
   D. adjusted approach

5. A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________?

   A. in-time production
   B. materials requirement planning
   C. on-time production
   D. pull strategy of production

6. The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?

   A. reduced work
   B. spoilage
   C. rework
   D. scrap

7. The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate _____________?

   A. annual irrelevant ordering costs
   B. annual relevant carrying costs
   C. annual relevant ordering costs
   D. annual irrelevant carrying costs

8. An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?

   A. allocation approach
   B. unadjusted approach
   C. proration approach
   D. adjusted approach

9. Companies that are part of an industry of ‘service providers’ are ____________?

   A. manufacturing sector companies
   B. merchandising sector companies
   C. service sector companies
   D. raw material companies

10. The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as __________?

    A. conversion process
    B. operation
    C. hybridization
    D. both a and b