Inventory Control Quiz

Inventory Control Quiz

12th Grade

10 Qs

quiz-placeholder

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Inventory Control Quiz

Inventory Control Quiz

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Natasha Gertruida Mcleish

Used 1+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a drawback of Just-in-Time (JIT) inventory control?

Higher storage costs

Risk of obsolescence

Requires reliable suppliers

Ensures smooth operations

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a benefit of having reliable suppliers?

Increases downtime

Ensures consistent delivery

Raises production costs

Reduces cash flow

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is considered by businesses to improve brand image through ethical sourcing?

Cost

Location

Ethical Standards

Quality

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key reason for managing the supply chain effectively?

To increase storage costs

To ensure smooth operations

To reduce supplier reliability

To increase defect rates

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is one benefit of an efficient supply chain?

Increases excess inventory

Enhances a company's ability to deliver products on time

Raises production costs

Decreases customer demand

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a challenge in managing global supply chains?

Decreased transportation costs

Simplified logistics

Cultural and regulatory differences

Reduced risk of disruptions

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key aspect of logistics?

Increasing product prices

Planning and controlling the movement of goods

Reducing customer satisfaction

Eliminating warehousing

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