Test: Inventory Control - 2


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


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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

One of the important reasons for carrying inventory is to

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QUESTION: 2

A shop owner with an annual constant demand of ‘H' units has ordering costs of Rs. ‘CO’ per order and carrying costs Rs, ‘CC’ per unit per year. The economic order quantity for a purchasing model having no shortage may be determined from

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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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