A. achieving optimisation
B. ensuring against market fluctuations
C. acceptable customer service at low capital investment in inventory
D. discounts allowed in bulk purchase
E. regulate supply and demand
Related Mcqs:
- Value engineering aims at finding out the________________?
A. depreciation value of a product
B. resale value of a product
C. major function of the item and accomplishing the same at least cost without change in quality
D. break even point when machine re-quires change
E. selling price of an item - Inventory management consists of__________________?
A. effective running of stores
B. state of merchandise methods of stroing and maintenance etc
C. stock control system
D. all of the above
E. none of the above - In the perpetual inventory control, the material is checked when it reaches its________________?
A. minimum value
B. maximum value
C. average value
D. alarming value
E. original value - In inventory control, the economic order quantity is the_________________?
A. optimum lot size
B. highest level of inventory
C. lot corresponding to break-even point
D. capability of a plant to produce
E. none of the above - In perpetual inventory control, the material is checked as it reaches its__________________?
A. minimum value
B. maximum value
C. average value
D. middle value
E. alarming value - The first method invented for planning projects was________________?
A. bar chart method
B. milestone chart
C. critical path method (CPM)
D. programme evaluation and review technique (PERT)
E. none of the above - Expediting function consists in keeping a watch on__________________?
A. operator’s activity
B. flow of material and in case of trouble locate source of trouble
C. minimising the delays
D. making efficient despatching
E. none of the above - Current assets include_______________?
A. manufacturing plant
B. manufacturing plant and equipment
C. inventories
D. common stock held by the firm
E. all of the above - Gnatt charts are used for_________________?
A. forecasting sales
B. production schedule
C. scheduling and routing
D. linear programming
E. none of the above - Slack represents the difference between the___________________?
A. latest allowable time and the normal expected time
B. latest allowable time and the earliest expected time
C. proposed allowable time and the earliest expected time
D. normal allowable time and the latest expected time
E. project initiation tune and actual starting time
