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# Test: Inventory Control - 2

## 10 Questions MCQ Test Topicwise Question Bank for Mechanical Engineering | Test: Inventory Control - 2

Description
This mock test of Test: Inventory Control - 2 for Mechanical Engineering helps you for every Mechanical Engineering entrance exam. This contains 10 Multiple Choice Questions for Mechanical Engineering Test: Inventory Control - 2 (mcq) to study with solutions a complete question bank. The solved questions answers in this Test: Inventory Control - 2 quiz give you a good mix of easy questions and tough questions. Mechanical Engineering students definitely take this Test: Inventory Control - 2 exercise for a better result in the exam. You can find other Test: Inventory Control - 2 extra questions, long questions & short questions for Mechanical Engineering on EduRev as well by searching above.
QUESTION: 1

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QUESTION: 2

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QUESTION: 3

### Which of the following is not a part of inventory Carrying Cost?

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QUESTION: 4

Setup costs do not include

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QUESTION: 5

In the basic EOQ model, if demand is ₹60 per month, ordering cost is ₹12 per order, holding cost is ₹10 per unit per month, what is the EOQ?

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QUESTION: 6

ABC analysis deals with

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ABC analysis is technique of inventory control.

QUESTION: 7

In ABC analysis of inventory control ‘A’ items have

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In ABC analyses, item ‘A’ are high usage, valued item and extra care is required for these items.

QUESTION: 8

In ABC analysis, the following is true for ‘C ’ items:

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QUESTION: 9

Which one of the following statements about PRS (Periodic Reordering System) in not true?

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QUESTION: 10

An item can be purchased for ₹100. The ordering cost is ₹200 and the inventory carrying cost is 10% of the item cost per annum. If the annual demand is 4000 units, the economic order quantity (in units) is

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