Which of the following is NOT a type of inventory?
a. MRP
b. raw material
c. work-in-progress
d. finished goods
answer
a. MRP
question
Which of the following types of inventory describes inventory that has been purchased but not processed?
answer
raw material inventory
question
ABC analysis divides an organization's on-hand inventory into three classes based upon
answer
annual dollar volume
question
Policies based on ABC analysis might include investing
answer
more in supplier development for A items
question
Which of the following does NOT belong to holding costs?
a. pilferage, scrap, and obsolescence
b. insurance on inventory
c. order processing
d. storage costs
answer
c. order processing
Haven't found what you need?
Search for quizzes and test answers now
Quizzes.studymoose.com uses cookies. By continuing you agree to our cookie policy
