Name Mhamed Sa 1. -The goal of inventory at the right A. product, range, season

Question

Name Mhamed Sa 1. -The goal of inventory at the right A. product, range, season B. price, place, supplier C. price, range, season D. product, place, time is to have the rightin the right 2. -Which of the following is NOT a category of inventory? A. Raw materials B. Finished goods C. Human resources D. Work in process 3. -Which of the following is an example of raw material inventory for C&A; A. Flour B. Cupcake mix prepared from scratch C. Ovens D. Cupcakes freshly out of the overn 4. The flow of material between countries is known as A. Multinational logistics B. International logistics C. Global logistics D. Corporate logistics 5. -Which of the following is a finished goods inventory for CaA Bakery? A. Flour B. Cupcake mix prepared from scratch C. Ovens D. Cupcakes freshly out of the oven 6. -Which kind of firms usually carry raw material inventory? A. Suppliers B. Wholesalers C. Retailers D. Distributors protects a firm against unpredictable demand. A. Kanban B. Safety stock C. Just in time D. Disruption

Explanation / Answer

1. Right PRODUCT in the right PLACE at right TIME is the goal of inventory management

2. HUMAN RESOURCES is not a category of inventory

3. FLOUR is an example of raw material inventory

4. INTERNATIONAL LOGISTICS is the flow of materials beyond the boundaries of a country

5. CUPCAKE FRESHLY OUT OF OVEN is an example of finished goods inventory

6. SUPPLIERS carry raw material inventory

7. SAFETY STOCK protects a firm against unpredictable demand

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