Category: Inventory MCQs

Question: What aims at optimizing inventory levels? (A). Inventory Control (B). Inventory Planning (C). Inventory Capacity (D). All of these Answer: (B). Inventory Planning

Question: Receiving a required inventory item at the exact time needed? (A). JIT (B). PERT (C). FOB (D). ABC MCQs Answer: (A). JIT

Question: The most important function of inventory control is (A). To run the stores effectively (B). Stock control system (C). Technical responsibility for the state of materials (D). A,B, and C MCQs Answer: (D). A,B, and C

Question: ABC analysis is an inventory control technique in which: (A). Inventory is classified into A, B and C Category with A being the lowest quantity, highest value (B). Inventory is classified into A, B and C category with A being the highest quantity, lowest value (C). Inventory levels are maintained (D). Either b or…

Question: Which of the following is not an inventory? (A). Finished products (B). Raw material (C). Machines (D). Consumable tools MCQs Answer: (C). Machines Examples of Inventories Let’s see a sample of inventories list that a company use for its inventory management; Inventory ID Name Description Unit Price in $ Quantity in stock Inventory Value…

Question: We can switch from Accounting Voucher to Inventory Voucher pressing? (A). F7 (B). Alt + F2 (C). F8 (D). Alt + F1 MCQs Answer: (D). Alt + F1 F7 – Used to spell check and grammar check a document in Microsoft Apps Some Common keys and their use in Microsoft office and windows The…