Inventory Management MCQs

………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned

April 29, 2022

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………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned

Q. ………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned

A. Spoilage

B. Waste

C. Scrap

D. Defective

Answer: Spoilage

………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned

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…………….. is an optimum quantity of material to be ordered every time an order is placed. EOQ may be defined as that quantity of purchase which minimizes material order cost and material carrying cost

………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned

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Under …………. a pre-determined price is fixed for valuing each material

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