
REVISION FOR FINAL
Quiz
•
Other
•
University
•
Practice Problem
•
Hard
Aeyda Reen
FREE Resource
Enhance your content in a minute
20 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventory management refers only to the storage of goods in a warehouse
TRUE
FALSE
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Just-in-Time (JIT) inventory management reduces storage and insurance costs.
FALSE
TRUE
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Economic Order Quantity (EOQ) is used to determine how much inventory should be ordered
at one time
FALSE
TRUE
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
If a company follows the JIT approach, it keeps a large amount of inventory in stock to
prevent shortages
TRUE
FALSE
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A lower Days Sales of Inventory (DSI) generally means a company is able to sell its inventory
faster
FALSE
TRUE
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Order batching can contribute to the bullwhip effect by causing irregular demand patterns
TRUE
FALSE
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Order batching can contribute to the bullwhip effect by causing irregular demand patterns
TRUE
FALSE
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