Retail Organizations Inventory Management MCQs Quiz Online PDF Download

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Cost accounting practice test MCQ: which of following is an example of purchasing costs with choices incoming freight, storage costs, insurance and spoilage problem solving skills for summative and formative assessment, competitive exam prep, interview questions with answer key. Free study guide is for online learning retail organizations inventory management quiz with MCQs to practice test questions with answers. Retail Organizations: Inventory Management Video

MCQs on Retail Organizations Inventory Management Quiz PDF Download

MCQ. Which of following is an example of purchasing costs?

  1. incoming freight
  2. storage costs
  3. insurance
  4. spoilage

C

MCQ. If demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then economic order quantity will be

  1. 678 packages
  2. 648 packages
  3. 658 packages
  4. 668 packages

B

MCQ. Cost of product failure, error prevention and appraisals can be classified under

  1. stocking costs
  2. stock-out costs
  3. costs of quality
  4. shrinkage costs

C

MCQ. Activities related to coordinating, controlling and planning flow of inventory are classified as

  1. decisional management
  2. throughput management
  3. inventory management
  4. manufacturing management

C

MCQ. If demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be

  1. $200
  2. $190
  3. $160
  4. $180

D