

Unit 15 Stock and asset management
Flashcard
•
Other
•
12th Grade
•
Practice Problem
•
Easy
Rob Davies
Used 2+ times
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20 questions
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1.
FLASHCARD QUESTION
Front
What are parts and components in a warehouse ready for use called?
Back
Stock
2.
FLASHCARD QUESTION
Front
Why would a company keep some components in its stores?
Back
To allow access when needed
3.
FLASHCARD QUESTION
Front
Inventory
Back
The whole stock of a business, including materials, components, work in progress and finished product
4.
FLASHCARD QUESTION
Front
Why is it important for a company to manage its storage costs?
Back
Because money tied up in storage costs cannot be used for anything else
5.
FLASHCARD QUESTION
Front
When is stock ‘written down’?
Back
Obsolete
6.
FLASHCARD QUESTION
Front
What does JIT stand for?
Back
Just in time
7.
FLASHCARD QUESTION
Front
What does MTS stand for?
Back
Made to stock
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