MCQ quiz on Inventory management multiple choice questions and answers on Inventory management MCQ questions quiz on Inventory management objectives questions with answer test pdf. Professionals, Teachers, Students and Kids Trivia Quizzes to test your knowledge on the subject.
1. Which of the following is true for Inventory control?
2. Which of the following is true for Inventory control?
3. Which product is usually bought on a fixed interval basis?
4. Which product is usually bought on an ROP basis?
5. A fixed-interval ordering system would be used for items that have independent demand.
6. A store that sells daily newspapers could use the single-period model for reordering.
7. A two-bin system is essentially a simple reorder point system.
8. Average stock level can be calculated as
9. Holding and ordering costs are inversely related to each other.
10. If a decrease in unit price causes the average demand rate to increase, which one of these would not increase?
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