Inventory Management Multiple Choice Questions and Answers

41. Which of the following is true for Inventory control?

1. Economic order quantity has minimum total cost per order
2. Inventory carrying costs increases with quantity per order
3. Ordering cost decreases with lo size
4. All of the above

42. Which product is usually bought on a fixed interval basis?

1. textbooks
2. wedding gifts
3. sugar
4. brownies

43. Which product is usually bought on an ROP basis?

1. textbooks
2. wedding gifts
3. sugar
4. newspaper