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Test: Inventory Control - 2 - Mechanical Engineering MCQ


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

Test: Inventory Control - 2 for Mechanical Engineering 2024 is part of Topicwise Question Bank for Mechanical Engineering preparation. The Test: Inventory Control - 2 questions and answers have been prepared according to the Mechanical Engineering exam syllabus.The Test: Inventory Control - 2 MCQs are made for Mechanical Engineering 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Inventory Control - 2 below.
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Test: Inventory Control - 2 - Question 1

One of the important reasons for carrying inventory is to

Test: Inventory Control - 2 - 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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Test: Inventory Control - 2 - Question 3

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

Test: Inventory Control - 2 - Question 4

Setup costs do not include

Test: Inventory Control - 2 - 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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Test: Inventory Control - 2 - Question 6

ABC analysis deals with

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ABC analysis is technique of inventory control.

Test: Inventory Control - 2 - 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.

Test: Inventory Control - 2 - Question 8

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

Test: Inventory Control - 2 - Question 9

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

Test: Inventory Control - 2 - 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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