Retail Organizations Inventory Management MCQs Quiz Online PDF Download

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Study bachelor of business administration and MBA degree courses, online accounting degree programs MCQs: which of following is an example of purchasing costs with options incoming freight, storage costs, insurance and spoilage for online competitive exams, certifications tests for financial aids, scholarships contests in universities. Free skills assessment test is for online learning retail organizations inventory management quiz questions with MCQs, exam preparation questions and answers for business analyst certifications and competitive exam preparation. Retail Organizations: Inventory Management Video

MCQs on Retail Organizations Inventory ManagementQuiz PDF Download

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

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


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


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


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


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