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51.The ____ of a maker of cloth dolls would include

Question : 51.The ____ of a maker of cloth dolls would include : 1418672

 

51.The ____ of a maker of cloth dolls would include over 200 yards of fabric, 100 yards of ribbon, a box of 500 wiggle eyes, stuffing, 20 dolls in various stages of completion, and 15 completed dolls.

a.raw materials

b.component materials

c.finished products

d.inventory

e.SKUs

52.____ inventories include the basic inputs in a manufacturing process.

a.Finished goods

b.Work-in-process

c.Component parts

d.Raw materials

e.Recyclable

53.Pamela Katian makes cloth dolls, which she sells to friends and relatives. Her total inventory includes over 200 yards of fabric, 100 yards of ribbon, a box of 500 eyes, stuffing, 20 dolls in various stages of completion, and 15 completed dolls. How many items are in Katian's work-in-process inventory?

a.100

b.200

c.15

d.20

e.cannot tell from information given

54.Which of the following is NOT a kind of inventory a manufacturer would keep in stock?

a.raw materials

b.nonrenewable materials

c.component parts

d.finished goods

e.work-in-process

55.Pamela makes cloth dolls, which she sells to friends and relatives. Her total inventory includes over 200 yards of fabric, 100 yards of ribbon, a box of 500 eyes, stuffing, 20 dolls in various stages of completion, and 15 completed dolls. How many items are in Katian's finished goods inventory?

a.100

b.500

c.15

d.20

e.cannot be determined from the information given

56.The three basic measures of inventory are inventory turnover, average aggregate inventory, and ____.

a.inventory depreciation

b.inventory amortization

c.weeks of supply

d.multifactor inventory

e.speed of obsolescence

57.A company decided to reduce its inventory by lowering their prices. The plan to get rid of excessive inventory was so successful that the company found itself completely sold out in just a couple of days. In other words, The company experienced ____.

a.a loss of amortization

b.negative sales

c.a stockout

d.aggregated turnover

e.negative turnover

58.According to the textbook, what should a business owner do with excess inventory?

a.cut prices on the product to increase its sales

b.donate the products  and get a tax write-off

c.throw the excess away

d.throw a party

e.raise prices and sell the product as a premium product

59.____ is the number of times per year that a company sells or replaces its average inventory.

a.Stock rollover

b.Average aggregate inventory

c.The average inventory replacement cycle

d.Inventory turnover

e.The ratio of inputs to outputs

60.Mass distributors lowered prices substantially to sell increased volumes of hardware products, and hardware stores managed the ____ costs of maintaining larger than needed inventories by including them as overhead.

a.containment

b.stockout

c.holding

d.amortization

e.setup

 

 

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