operation fundamental thx a lot 2. Units that an organization will carry over and above Q in...

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General Management

operation fundamental thx a lot
2.
Units that an organization will carry over and above Q in orderto meet contingency is known as?
A.
Overflow stock
B.
Extra inventory
C.
Safety Stock
D.
Safety inventory
3.
The following are components of what type of inventory cost:finance charges, warehousing, and shelf space, handling equipment,bookkeeping, insurance, taxes or spoilage?
A.
Total cost
B.
Ordering cost
C.
Holding cost
D.
Maintenance cost
4.
The objective of Inventory Management is to……
A.
Ensure product is available to meet customer demands.
B.
Strike a balance between inventory investment and customerservice.
C.
Minimize costs of buy raw materials.
D.
Maintain enough raw materials for production.
5.
Method used to determine the best routes to ship from severalpoints of supply (sources) to points of demands (destination) tominimize production and shipping costs.
A.
The Factor- Rating Method
B.
Location Cost-Volume Analysis
C.
Center-of-Gravity Method
D.
Transportation Model
6.
What type of decision would taxes, labor availability andenvironmental regulations part of?
A.
Site
B.
Region
C.
Country
D.
Rural
7.
Inventory management solves what two basic issues?
A.
The amount of raw material needed for production andcustomers.
B.
The amount of raw material needed for production andcustomers.
C.
How much and when to order.
D.
How much goods and services are needed to meet demand and how todeliver the goods and services.

Answer & Explanation Solved by verified expert

3.9 Ratings (709 Votes)

2 c Safety Stock Safety stock is an additional quantity of an item held in the inventory to reduce the risk that the item will be out of stock It acts as a buffer stock in case sales are greater than planned andor the supplier is unable to deliver the additional units at the expected See Answer

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	A.	Overflow stock
	B.	Extra inventory
	C.	Safety Stock
	D.	Safety inventory

	A.	Ensure product is available to meet customer demands.
	B.	Strike a balance between inventory investment and customerservice.
	C.	Minimize costs of buy raw materials.
	D.	Maintain enough raw materials for production.

	A.	The Factor- Rating Method
	B.	Location Cost-Volume Analysis
	C.	Center-of-Gravity Method
	D.	Transportation Model

	A.	The amount of raw material needed for production andcustomers.
	B.	The amount of raw material needed for production andcustomers.
	C.	How much and when to order.
	D.	How much goods and services are needed to meet demand and how todeliver the goods and services.