2.3.2 - Working with suppliers (Part A)

Quiz
•
Business
•
9th - 10th Grade
•
Hard
P Bell
Used 51+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following best describes the term, just in time (JIT) stock control?
The stock which a business holds
A diagram which shows business stock levels and usage over time
A system whereby stock arrives only when it is needed by the business
The minimum amount of stock that a business holds at any one time
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is a drawback to a business of using just in time (JIT) stock control?
High insurance costs
Stock could become out of date or obsolete
Storage costs will be high
Delays in deliveries could result in idle resources
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following businesses is most likely to operate a just in time (JIT) stock control system?
Car manufacturer
Nationwide footwear retailer
Wholesaler of building supplies
School uniform retailer
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following factors would a café, which prides itself on the sale of ethically sourced products, consider the most important when choosing its suppliers?
Cost
Delivery
Availability
Trust
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following terms best describes the process of choosing a supplier, agreeing what to buy, at what price and by when?
Just in time (JIT) stock control
Logistics
Stock control
Procurement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following statements is true in relation to the bar gate stock graph below?
The business experienced a stock out in month one
The maximum stock level the business wishes to hold is 4 cartridges
The lead time for each delivery is always two months
D The re-order quantity in month two is 6 cartridges
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
On a bar gate stock graph, which of the following terms describes the size of an order that is delivered to a business at a set moment in time?
Maximum stock level
Re-order quantity
Minimum stock level
Re-order level
Create a free account and access millions of resources
Similar Resources on Wayground
10 questions
10 Business Final Exam Reviewer Sem 1 Nov 2022

Quiz
•
10th Grade
14 questions
Business Year 10 Component 1

Quiz
•
10th Grade
15 questions
SUPPLY CHAIN MANAGEMENT (FINAL QUIZ)

Quiz
•
1st - 12th Grade
15 questions
Chapter 4 - Business in the Free Enterprise

Quiz
•
9th - 10th Grade
13 questions
Inventory Management Quiz

Quiz
•
10th Grade - University
13 questions
Business Operations (Unit 5 mixed Qs)

Quiz
•
10th Grade
18 questions
Inventory Management Vocabulary

Quiz
•
9th - 12th Grade
10 questions
N5 Inventory Control

Quiz
•
7th - 9th Grade
Popular Resources on Wayground
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
18 questions
Writing Launch Day 1

Lesson
•
3rd Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
15 questions
PRIDE

Quiz
•
6th - 8th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
22 questions
6-8 Digital Citizenship Review

Quiz
•
6th - 8th Grade
10 questions
Nouns, nouns, nouns

Quiz
•
3rd Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
Discover more resources for Business
55 questions
CHS Student Handbook 25-26

Quiz
•
9th Grade
10 questions
Chaffey

Quiz
•
9th - 12th Grade
40 questions
Algebra Review Topics

Quiz
•
9th - 12th Grade
10 questions
Lab Safety Procedures and Guidelines

Interactive video
•
6th - 10th Grade
19 questions
Handbook Overview

Lesson
•
9th - 12th Grade
20 questions
Lab Safety and Lab Equipment

Quiz
•
9th - 12th Grade
24 questions
Scientific method and variables review

Quiz
•
9th Grade
20 questions
Getting to know YOU icebreaker activity!

Quiz
•
6th - 12th Grade