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
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
Description : 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
Last Answer : (C) Optimum lot size
Description : A wholesaler sells printer cartridges. The minimum order quantity is 5. There is a 20% discount for orders of 100 or more printer cartridges. You have been asked to prepare test cases using various values for the number of printer cartridges ... A. 5, 6, 20 B. 4, 5, 80C. 4, 5, 99 D. 1, 20, 100
Last Answer : C. 0, 1,10,11, 50, 51, 75, 76,100,101
Description : Calculate re-order level from the following: Safety stock: 1000 units Consumption per week: 500 units It takes 12 weeks to reach material from the date of ordering. (a) 1000 units (b) 6000 units (c) 3000 units (d) 7000 units
Last Answer : (d) 7000 units
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
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.
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.
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
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
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
Description : If a retailer orders a quantity of merchandise to be delivered to his store in Dublin and is quoted a price that does not include transport costs, the retailer is paying a price called: A)F.O.B. destination. B)F.O.B. factory. C)geographic price. D)freight absorption price. E)base -point price.
Last Answer : B)F.O.B. factory.
Description : When followin When following a utilization strategy g a utilization strategy, which alternative relie , which alternative relies on external sources of s on external sources of production? a)Overtime/undertime b)Subcontracting c)Back orders d)Stock outs
Last Answer : b)Subcontracting
Description : 1. If a material, placed in a magnetic field is thrown out of it, then how is the material? 2. Who became the first Indian to take 16 wickets in a single test match? 3. Stock Exchanges play ... to the forests been caused by acid rain? 20. By whom was Swaraj as a national demand first made?
Last Answer : Answer : 1. Diamagnetic 2. Narendra Hirwani 3. Useful but need strict regulation 4. Lake Titicaca 5. Shivaji 6. Scurvy 7. Zila Parishad 8. Carius method 9. Oregon 10. Sukerchakia 11. At Lausanne ... 15. Zamindari 16. Parliament 17. Decrease 18. Rate of indirect tax 19. Poland 20. Dadabhai Naoroji
Description : Production cost which increase with the quantity of product made is called ? 1. Absorption Cost 2. High Production Cost 3. Non-fixed cost 4. Variable cost 5. None of these
Last Answer : Variable cost
Description : The person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers is called 1. Industrial distributor 2. Production agent 3. Wholesaler 4. Manufacturer's agent 5. Producer
Last Answer : Wholesaler
Description : A group of Blue collar customers of a bank will be placed in which of the following segments ? 1. Profession segments 2. Gender based segment 3. Income segment 4. Institutional Segment 5. None of these
Last Answer : Profession segments
Description : A ___________ is a gift to a retailer who purchases a specified quantity of merchandise. 1. dealer loader 2. premium 3. dealer listing 4. merchandise allowance 5. count and recount
Last Answer : dealer loader
Description : The surface Run-off is the quantity of water (A) Absorbed by soil (B) Intercepted by buildings and vegetative cover (C) Required to fill surface depressions (D) That reaches the stream channels
Last Answer : Answer: Option D
Description : Gross profit is equal to 1. selling price minus purchase price 2. selling price minus purchase price plus depreciation 3. depreciation plus unsold stock minus purchase price 4. purchase price minus production cost 5. None of these
Last Answer : selling price minus purchase price
Description : The Stock Exchanges in India are regulated by 1. RBI 2. SEBI 3. SBI 4. IDBI 5. None of these
Last Answer : SEBI
Description : Census means __________________ 1. A stock market index 2. A complete canvas of a polulation 3. A list of voters in a constitution 4. A channel in marketing 5. None of these
Last Answer : A complete canvas of a polulation
Description : __________ includes practices such as overstating the product's features or performance, luring the cutomer to the store for a bargain that is out of stock, or running rigged contests. 1. Deceptive ... 2. Deceptive packaging 3. Deceptive pricing 4. Deceptive cost structure 5. none of these
Last Answer : Deceptive promotion
Description : what does the term keyword prominence refer to? A. It refers to the importance attached to getting the right keyword density. B.It refers to the fact that the keywords in bold font are ... fact that the keywords placed in important parts of a webpage are given priority by the search engines
Last Answer : D.It refers to the fact that the keywords placed in important parts of a webpage are given priority by the search engines
Description : If a Q&A site where prizes or giveaways were possible, would quantity trump quality as far as the giveaways or visa versa?
Last Answer : You would definitely get people gaming the site just to get the loot. So quantity would go through the roof , and quality would most likely fall.
Description : Which of the following is valuable in increasing a page rank? A. Static content B.Paying for placement C.No contact information D.The quantity of links from other highly ranked pages to your site
Last Answer : D.The quantity of links from other highly ranked pages to your site
Description : One aim of e-procurement is to increase savings by bulk buying of items: * of the right quantity from the right source. of the right quality. at the right price.
Last Answer : of the right quantity
Description : One aim of e-procurement is to increase savings by bulk buying of items: A. of the right quantity. B. from the right source. C. of the right quality. D. at the right priceE. None of the above. Ans: A
Last Answer : A. of the right quantity
Description : By bulk buying of items, One aim of e-procurement is to increase savings A.right quantity. B.right thing. C.right quality. D.right price. Answer: A
Last Answer : A.right quantity.
Description : _____ technique is related to Inventory management a. EOQ b. SQC c. CPM d. transportation
Last Answer : a. EOQ
Description : What Do The Letters In The Eoq And Stocking Cost Formula Stand For?
Last Answer : The letters in the formulas represent the quantity ordered(Q), the carrying cost of a unit(C), the demand for the units(D) and the cost of completing a order(S).
Description : What Is The Importance Of Eoq?
Last Answer : The EOQ level is the point at which stocking costs are at their lowest point for a given item.
Description : What Does Eoq Stand For?
Last Answer : EOQ stands for Economic Order Quantity.
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.
Description : Explain The Importance Of Eoq?
Description : What Is The Eoq Formula?
Last Answer : The EOQ formula is the square root of 2 times demand times order completion cost divided by carrying cost. The mathematical formula is square root of 2DS/C.
Description : Suppose If I Get A Discount Will It Effect The Eoq Model?
Last Answer : Yes, a discount will cause the basic EOQ model to fail. To use a discount in determine a EOQ you must use the EOQ model with quantity discounts.
Description : Do You Know What Is The Importance Of Eoq?
Description : How To Determine The Numbers To Use In The Eoq Formula?
Last Answer : To determine which numbers to use you must look for the following items. The number of items per order is the quantity(Q). The number of items that can be sold is D. D may be the forecast demand for ... number to find is the carrying cost(C) which is the cost of the item to be held in inventory.
Description : Tell Me What Do The Letters In The Eoq And Stocking Cost Formula Stand For?
Description : Do You Know What Is The Eoq Formula?
Description : Suppose I Get A Discount Will It Effect The Eoq Model?
Description : Do You Know What Does Eoq Stand For?
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
Description : Are re-invested stock dividends tax-exempt?
Last Answer : no. You should have gotten a 1099 from WalMart (or the broker) and the dividends will show up as taxable income.
Description : Calculate Re-order level from the following: Consumption per week: 100-200 units Delivery period: 14-28 days (a) 5600 units (b) 800 units (c) 1400 units (d) 200 units
Last Answer : (b) 800 units
Description : 1. Re-order level is calculated as: (a) Maximum consumption x Maximum re-order period (b) Minimum consumption x Minimum re-order period (c) 1/2 of (Minimum + Maximum consumption) (d) Maximum level - Minimum level
Last Answer : (a) Maximum consumption x Maximum re-order period
Description : If you had 6 orders to place at a fast food joint, would you go inside to order or would you order through the drive through?
Last Answer : Drive through, always unless the line is 8 cars deep. By the time you park, go in and order and then have to carry all the bags and drinks out, forget it. Hand it all to me through the window please. haha Of course I never have more than one order, my own, on the occasions I get fast food.
Description : A fast food restaurant sells chicken in orders of 6,9 and 20. What's the largest number of pieces of chicken you cannot order from the restaurant? -Riddles
Last Answer : 43 is the last number that doesn't fall into these categories.
Description : A man goes into a diner. The man orders a plate, a match, a lemon wedge, and a glass of water. The waiter comes back with the mans bizzare order. The man dumps the water on the plate, and leaves ... man. The waiter walked out $100 richer that night, how? (Hint : The $100 wasnt in tips.) -Riddles
Last Answer : This answer was deleted by moderators