Distribution Management Long Quiz

Distribution Management Long Quiz

University

30 Qs

quiz-placeholder

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Distribution Management Long Quiz

Distribution Management Long Quiz

Assessment

Quiz

Education

University

Medium

Created by

Ryan Dematera

Used 1+ times

FREE Resource

30 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is NOT a principle of inventory management?

Balancing demand and supply

Minimizing waste

Ignoring stock levels

Cost control

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which inventory control technique focuses on categorizing inventory into high, moderate, and low-value items?

Economic Order Quantity (EOQ)

Just-In-Time (JIT)

ABC Analysis

Perpetual Inventory System

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What does Economic Order Quantity (EOQ) aim to minimize?

Inventory holding and ordering costs

Production costs only

Storage space

Waste levels

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which inventory system involves updating stock levels in real-time after each sale or restock?

Periodic Inventory System

Just-In-Time (JIT)

Perpetual Inventory System

ABC Analysis

5.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

What is the main goal of the Just-In-Time (JIT) inventory system?

To hold large amounts of inventory

To increase stock levels

To minimize inventory holding costs

To create additional warehouses

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following inventory control techniques is most suitable for perishable goods?

Last-In, First-Out (LIFO)

First-In, First-Out (FIFO)

ABC Analysis

Economic Order Quantity (EOQ)

7.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which principle of inventory management involves maintaining optimal stock levels to meet demand while avoiding excess stock or stockouts?

Cost Control

Balancing Demand and Supply

Inventory Accuracy

Minimizing Waste

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