
ACCT 3130 Chapter 20
Quiz
•
Business
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KG
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Practice Problem
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Medium
J Nope
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43 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
___ includes planning, coordinating, and controlling activities related to the flow of inventory into, through, and out of an organization.
2.
MULTIPLE SELECT QUESTION
2 mins • 1 pt
Managing inventories to increase net income requires effectively MANAGING COSTS into these six categories:
Purchasing Costs & Ordering Costs
Carrying Costs
Stockout Costs
Quality Costs
Shrinkage Costs
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The cost of goods acquired from suppliers, including incoming freight costs.
Purchasing Costs
Carrying Costs
Stockout Costs
Quality Costs
Ordering Costs
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The cost of preparing & issuing purchase orders, receiving & inspecting the items included in the orders & matching invoices received, purchase orders, and delivery records to make payments.
Purchasing Costs
Carrying Costs
Stockout Costs
Quality Costs
Ordering Costs
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The cost that arise while goods are being held in inventory. These costs include the opportunity cost of the investment tied up in inventory & costs associated with storage.
Purchasing Costs
Carrying Costs
Stockout Costs
Quality Costs
Ordering Costs
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The costs that arise when a company runs out of a particular item for which there is customer demand.
Shrinkage Costs
Carrying Costs
Stockout Costs
Quality Costs
Ordering Costs
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The costs incurred to prevent & appraise, or the costs arising as a results of quality issues.
Shrinkage Costs
Carrying Costs
Stockout Costs
Quality Costs
Ordering Costs
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