Inventory Management MCQs

Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

April 28, 2022

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Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

Q. Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

A. Safety stock

B. Lot size

C. Standard deviation

D. Inventory control

Answer: Lot size

Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

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The type of inventory method that comprises more number of accounting transactions is known as

Which among the following is a quantity of a specific item that is ordered from the supplier and issued as a standard quantity to the production process?

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A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as ____

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