
Inventory Management Chapter 2

Quiz
•
Business
•
University
•
Hard
Sou Davy
FREE Resource
15 questions
Show all answers
1.
OPEN ENDED QUESTION
3 mins • 1 pt
What are the primary reasons for holding inventory?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the requirement for effective inventory management?
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3.
OPEN ENDED QUESTION
3 mins • 1 pt
Briefly describe each of the courses associated with inventory?
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4.
OPEN ENDED QUESTION
3 mins • 1 pt
Contrast independent and dependent demand with respect to inventories.
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5.
OPEN ENDED QUESTION
3 mins • 1 pt
List the major assumptions of the EOQ model.
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6.
OPEN ENDED QUESTION
3 mins • 1 pt
How would you respond to the criticism that EOQ model tend to provide misleading results because value of D, Co, and Ch are, at the best, educated guesses?
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7.
OPEN ENDED QUESTION
3 mins • 1 pt
Explain brieftly how a higher holding cost can result in a decrease in inventory.
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