In inventory control theory, the economic order quantity (EOQ) is the (A) Lot size corresponding to break even analysis (B) Average level of inventory (C) Optimum lot size (D) None of these

In inventory control theory, the economic order quantity (EOQ) is the (A) Lot size corresponding to break even analysis
(B) Average level of inventory
(C) Optimum lot size
(D) None of these
by

1 Answer

Answer :

(C) Optimum lot size
by

Related questions

In inventory control theory, the economic order quantity is :

Description : In inventory control theory, the economic order quantity is : (A) average level of inventory (B) optimum lot size (C) capacity of a warehouse (D) lost size corresponding to break-even analysis

Last Answer : In inventory control theory, the economic order quantity is : optimum lot size 

Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is the size of inventory that minimises only the cost of carrying inventory. C)There is a tradeoff between inventory carrying costs and the probability of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Description : Select the FALSE statement about an inventory system. A)The objective of minimum total inventory cost must be balanced against a customer service level necessary to maximise profits. B)EOQ is ... of stockouts. D)Inventory carrying costs usually increase as the level of customer service increases.

Last Answer : B)EOQ is the size of inventory that minimises only the cost of carrying inventory.

Which one out of the following is not an inventory valuation method? (a) FIFO (b) LIFO (c) Weighted Average (d) EOQ

Description : Which one out of the following is not an inventory valuation method? (a) FIFO (b) LIFO (c) Weighted Average (d) EOQ

Last Answer : (d) EOQ

The quantity for which orders are placed when stock reaches the re-order level is called 1. EOQ 2. EPQ 3. DOQ 4. MOQ 5. None of these

Description : The quantity for which orders are placed when stock reaches the re-order level is called 1. EOQ 2. EPQ 3. DOQ 4. MOQ 5. None of these

Last Answer : EOQ

The quantity for which orders are placed when stock reaches the re-order level is called 1. EOQ 2. EPQ 3. DOQ 4. MOQ 5. None of these

Description : The quantity for which orders are placed when stock reaches the re-order level is called 1. EOQ 2. EPQ 3. DOQ 4. MOQ 5. None of these

Last Answer : EOQ

Which of the following helps a marketer determine how much to order? A) Order lead time B) EOQ C) Reorder point D) Fixed order -interval approach E) Electronic inventory system

Description : Which of the following helps a marketer determine how much to order? A) Order lead time B) EOQ C) Reorder point D) Fixed order-interval approach E) Electronic inventory system

Last Answer : B) EOQ

What Makes Eoq Work For Inventory Control?

Description : What Makes Eoq Work For Inventory Control?

Last Answer : The EOQ works if its four assumptions match the case it is used on. The assumptions are: 1. Annual demand, carrying costs and ordering costs can be estimated. 2. Inventory level is divided by ... order. 3. Stock-out, customer responsiveness and other costs not considered. 4. No quantity discounts.

ABC analysis is an inventory control technique in which: (a) Inventory levels are maintained (b) Inventory is classified into A, B and C category with A being the highest quantity, lowest value. (c) Inventory is classified into A, B and C Category with A being the lowest quantity, highest value (d) Either b or c

Description : ABC analysis is an inventory control technique in which: (a) Inventory levels are maintained (b) Inventory is classified into A, B and C category with A being the highest quantity, lowest value. (c) ... A, B and C Category with A being the lowest quantity, highest value (d) Either b or c

Last Answer : (c) Inventory is classified into A, B and C Category with A being the lowest quantity, highest value

The maximum quantity that a supplier is prepared to supply in the market at a given price is called (a) Economic order quantity ; (b) Optimum quantity ; (c) Supply quantity ; (d) Both or quantity

Description : The maximum quantity that a supplier is prepared to supply in the market at a given price is called (a) Economic order quantity ; (b) Optimum quantity ; (c) Supply quantity ; (d) Both or quantity

Last Answer : ; (c) Supply quantity ;

Economic order quantity is that quantity at which cost of holding and carrying inventory is: (a) Maximum and equal (b) Minimum and equal(c) It can be maximum or minimum depending upon case to case. (d) Minimum and unequal

Description : Economic order quantity is that quantity at which cost of holding and carrying inventory is: (a) Maximum and equal (b) Minimum and equal (c) It can be maximum or minimum depending upon case to case. (d) Minimum and unequal

Last Answer : (b) Minimum and equal

A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory management technique is called A)just -in -time (JIT). B)inventory minimisation. C)economic order quantity.D)reorder point maximisation.

Description : A manufacturer has decided to improve its inventory management by maintaining low inventory levels and waiting to purchase materials until right before they are needed in production. This inventory ... time (JIT). B)inventory minimisation. C)economic order quantity.D)reorder point maximisation.

Last Answer : D)reorder point maximisation.

............... model is designed to bring prices down by increasing the number of customers who buy a particular product at once. (A) Economic Order Quantity (B) Inventory (C) Data Mining (D) Demand-Sensitive Pricing

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Last Answer : (D) Demand-Sensitive Pricing

From the following information, calculate the extra cost of material by following EOQ: Annual consumption: = 45000 units Ordering cost per order: = Rs. 10 Carrying cost per unit per annum: = Rs. 10 Purchase price per unit = Rs. 50 Re-order quantity at present = 45000 units There is discount of 10% per unit in case of purchase of 45000 units in bulk. (a) No saving (b) Rs. 2,00,000 (c) Rs. 2,22,010 (d) Rs. 2,990

Description : From the following information, calculate the extra cost of material by following EOQ: Annual consumption: = 45000 units Ordering cost per order: = Rs. 10  Carrying cost per unit per annum: = Rs. 10  Purchase price per unit = Rs. ... ) No saving (b) Rs. 2,00,000 (c) Rs. 2,22,010 (d) Rs. 2,990

Last Answer : (d) Rs. 2,990

_____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation

Description : _____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation

Last Answer : a. EOQ

Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of cash held C. Taking full advantage of credit offered by trade suppliers D. Applying the economic order quantity model to stock management E. Adopting the use of just-in-time stock management

Description : Identify which technique will not help a company to optimise its working capital cycle. A. Offering discounts for early payment by debtors B. Using cash management models to optimise the level of ... order quantity model to stock management E. Adopting the use of just-in-time stock management

Last Answer : B. Using cash management models to optimise the level of cash held

Breakeven point represents the condition, when the company runs under no profit no loss condition. In break even analysis, total cost comprises of fixed cost (A) Only (B) Plus variable cost (C) Plus overhead cost (D) Plus selling expenses

Description : Breakeven point represents the condition, when the company runs under no profit no loss condition. In break even analysis, total cost comprises of fixed cost (A) Only (B) Plus variable cost (C) Plus overhead cost (D) Plus selling expenses

Last Answer : Option B

Explain Me Do I Need To Recompute Stocking Costs For The Eoq Level?

Description : Explain Me Do I Need To Recompute Stocking Costs For The Eoq Level?

Last Answer : Yes, in order to compare stock costs when using the EOQ model you must compute the costs for both the original level and the EOQ level of order quantities.

How A firm uses 20000 units of an item per year. The carrying cost is 25 of the 10 price the cost of ordering is 10 and the firm used the EOQ to order. The annual total cost of carrying plus ordering?

Description : How A firm uses 20000 units of an item per year. The carrying cost is 25 of the 10 price the cost of ordering is 10 and the firm used the EOQ to order. The annual total cost of carrying plus ordering?

Last Answer : 2500

Calculate EOQ (approx.) from the following details: Annual Consumption: 24000 units Ordering cost: Rs. 10 per order Purchase price: Rs. 100 per Carrying cost: 5% (a) 310 (b) 400 (c) 290 (d) 300

Description : Calculate EOQ (approx.) from the following details: Annual Consumption: 24000 units Ordering cost: Rs. 10 per order Purchase price: Rs. 100 per unitCarrying cost: 5% (a) 310 (b) 400 (c) 290 (d) 300

Last Answer : (a) 310

............................... is used to imitate an operation prior to actual performance. a. Inventory control b. Simulation c. Game theory d. Integrated Production Model

Description : ............................... is used to imitate an operation prior to actual performance. a. Inventory control b. Simulation c. Game theory d. Integrated Production Model

Last Answer : b. Simulation

Optimum number of effects in a multiple effect evaporator is decided by the (A) Cost benefit analysis (B) Floor area availability (C) Terminal parameters (D) Evaporation capacity required

Description : Optimum number of effects in a multiple effect evaporator is decided by the (A) Cost benefit analysis (B) Floor area availability (C) Terminal parameters (D) Evaporation capacity required

Last Answer : (A) Cost benefit analysis

Optimum number of effects in a multiple effect evaporator is decided by the (A) Cost benefit analysis (B) Floor area availability (C) Terminal parameters (D) Evaporation capacity required

Description : Optimum number of effects in a multiple effect evaporator is decided by the (A) Cost benefit analysis (B) Floor area availability (C) Terminal parameters (D) Evaporation capacity required

Last Answer : (A) Cost benefit analysis

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : (1) 20000 Explanation: Breakeven quantity is the number of incremental units that the firm needs to sell to cover the cost of a marketing program or other type of investment. It is given by the formula: BEQ = FC / (P-VC) Where ... per unit = 30/12 = Rs. 2.5 So 20000/ (2.5-1.5) = 20000/1= Rs. 20,000

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Description : If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity? (1) 20000 (2) 10000 (3) 15000 (4) 12000

Last Answer : 20000

For the implementation of a paging scheme, suppose the average process size be x bytes, the page size be y bytes, and each page entry requires z bytes. The optimum page size that minimizes the total overhead due to the page table and the internal fragmentation loss is given by (A) x/2 (B) xz/2 (C) √2xz (D) (√xz)/2

Description : For the implementation of a paging scheme, suppose the average process size be x bytes, the page size be y bytes, and each page entry requires z bytes. The optimum page size that minimizes the total overhead due to the page ... fragmentation loss is given by (A) x/2 (B) xz/2 (C) √2xz (D) (√xz)/2

Last Answer : (C) √2xz 

Which of the following met Which of the following methods best considers intan hods best considers intangible costs related to a l gible costs related to a location decision? ocation decision? a)Weighted method b)Location break-even analysis c)Transportation method d)Assignment method e) None of the above

Description : Which of the following met Which of the following methods best considers intan hods best considers intangible costs related to a l gible costs related to a location decision? ocation decision? a) ... b)Location break-even analysis c)Transportation method d)Assignment method e) None of the above

Last Answer : b)Location break-even analysis

Product Production and ion and/or shipping costs are always considered in which of the following locat g location decision methods? a. factor rating method b. transportation method c. locational locational break-even break-even analysis analysis d. center-of-gravity center-of-gravity method

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Last Answer : b. transportation method

The crossover chart for l t for location break-even analysis shows where a. fixed costs are equal for alternative locations b. variable costs are equal for alternative variable costs are equal for alternative locations locations c. total costs are equal for alternative locations d. fixed costs equal variable

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Last Answer : c. total costs are equal for alternative locations

Which of the following following methods methods best considers considers intangible intangible costs related related to a location location decision? a. crossover crossover methods methods b. locational break-even locational break-even analysis analysis c. factor rating analysis d. the transportation transportation method e. the assignment assignment method

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Communi Community attitudes, zoni es, zoning restrictions, and qua and quality of labor force are l ce are likely to be considered in which of the fo considered in which of the following location decis llowing location decision methods? ion methods? a. transportation transportation method b. locational break-even locational break-even analysis analysis c. center-of-gravity center-of-gravity method d. simulation e. factor rating method

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Which of the following are limitations of break-even analysis? A. Static concept B. Capital employed is taken into account. C. Limitation of non-linear behaviour of costs D. Limitation of presence of perfect competition

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Last Answer : A. Static concept

Optimum economic pipe diameter for fluid is determined by the (A) Viscosity of the fluid (B) Density of the fluid (C) Total cost considerations (pumping cost plus fixed cost of the pipe) (D) None of these

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If the demand for an item is trebled and the order cost is reduced to one third, then the economic order quantity (A) Is trebled (B) Remains unchanged (C) Decreases by a factor of 3 (D) Decreases by a factor of 1/3

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A firm that break even after all the economic costs are paid in earning (a) Economic profit ; (b) Accounting profit ; (c) Normal profit ; (d) Super normal profit

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Weed control aims to putting down weed infestation a). Already present b). a + future infestations c). b + introduction from the adjacent fields d). Combining the available techniques in the optimum level

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The Supply function of a product x is as Sx = 5px + 3. Where Px stand for price. The quantity supplied corresponding to price of `2 will be …………… (a) 18 ; (b) 13 ; (c) 15 ; (d) 23

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Tell Me Are You Able To Break Down Your Operating Inventory Into The Three Major Categories When Reporting Levels-safety, Replenishment And Excess Or Obsolete Stock?

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Industry analysis should include information on – a) Market size of competitor’s product b) Growth rate of suppliers c) New product entry d) Economic conditions

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