Inventory Management MCQs

Decision model to calculate optimal quantity of inventory to be ordered is called

April 27, 2022

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Decision model to calculate optimal quantity of inventory to be ordered is called

Q. Decision model to calculate optimal quantity of inventory to be ordered is called

A. efficient order quantity

B. economic order quantity

C. rational order quantity

D. optimized order quantity

Answer: economic order quantity

Decision model to calculate optimal quantity of inventory to be ordered is called

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Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as

Decision model to calculate optimal quantity of inventory to be ordered is called

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If relevant incremental costs are $5000 and relevant opportunity cost of invested capital is $2500 then relevant inventory carrying costs would be

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