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T304 Inventory Management

Authored by Jay-Ar Gonzales

Business

University

Used 1+ times

T304 Inventory Management
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11 questions

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1.

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30 sec • 1 pt

Partially completed goods are also known as ______

2.

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30 sec • 1 pt

______ cost refers to costs incurred when demand exceeds the supply of inventory

3.

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30 sec • 1 pt

_______ cost refers to the cost associated with receiving an inventory.

4.

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30 sec • 1 pt

It refers to the stock that is held in excess of expected demand.

5.

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30 sec • 1 pt

It refers to the cost to carry an items in inventory for a length of time.

6.

FILL IN THE BLANK QUESTION

1 min • 3 pts

 Using basic EOQ model, a setup cost of 40, an ordering cost of Php 5, and a holding cost of Php 1 per unit per year will result in an EOQ of: 

7.

FILL IN THE BLANK QUESTION

1 min • 3 pts

 Using basic EOQ model, if D = 60 per month, S = $12, and H = $10 per unit per month, EOQ is: 

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