Working Capital Quiz-Part 2

Working Capital Quiz-Part 2

University

10 Qs

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Working Capital Quiz-Part 2

Working Capital Quiz-Part 2

Assessment

Quiz

Other

University

Practice Problem

Medium

Created by

Dipendra Bhusal

Used 2+ times

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10 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the optimal quantity of stock to order that minimizes the total inventory costs?

EOQ (Economic Order Quantity)

ABC Analysis

Just-in-Time (JIT) Delivery

FIFO/LIFO Valuation

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What does ABC analysis classify inventory into?

A: High-value, B: Medium-value, C: Low-value

A: Low-value, B: Medium-value, C: High-value

A: Medium-value, B: High-value, C: Low-value

A: High-value, B: Low-value, C: Medium-value

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the formula for Re-order Point (ROP)?

(Average daily usage × Lead time) + Safety stock

Average daily usage + Lead time + Safety stock

Average daily usage × Lead time - Safety stock

Lead time / Average daily usage + Safety stock

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is Safety Stock?

Extra inventory kept to prevent stockouts

Inventory that is sold first

Inventory that is ordered last

Inventory that is not used

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is the primary purpose of Just-in-Time (JIT) inventory management?

To reduce inventory holding costs

To increase production speed

To enhance product quality

To simplify supply chain logistics

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which inventory valuation method assumes that the oldest inventory items are sold first?

Weighted Average Cost

LIFO (Last-In, First-Out)

FIFO (First-In, First-Out)

Specific Identification

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which of the following is a key characteristic of a Just-in-Time (JIT) inventory system?

Large stockpiles of inventory

Frequent deliveries of small quantities

Long lead times for orders

Minimal supplier interaction

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