Question :
11) In ABC inventory analysis, items that account for only : 2066002
11) In ABC inventory analysis, items that account for only up to 10% of the revenue but for a majority of the inventory items are classified as
A) A items.
B) B items.
C) C items.
D) none of the above.
12) In ABC inventory analysis, items that account for sixty percent of the revenue but account for only few inventory items are classified as
A) A items.
B) B items.
C) C items.
D) none of the above.
13) In ABC inventory analysis, the typical percentage for the total dollar volume of C items is
A) 10%.
B) 50%.
C) 75%.
D) 100%.
14) A supermarket orders inventory every Friday afternoon. What type of inventory systems is the supermarket using?
A) Continuous review
B) Periodic review
C) Continuous replenishment
D) ABC
15) In a continuous review inventory system, if daily usage is 20 units and lead-time is 5 days, the reorder point will be when on-hand inventory is
A) 100 units.
B) 4 units.
C) 5 units.
D) 25 units.
