L4M7 V1

The amount of inventory available at the start of an accounting period is known as...?A . Buffer stockB . Work-in-progressC . Opening stockD . Closing stockView AnswerAnswer: C Explanation: Opening stock is the starting amount of inventory that a business has at a fixed moment in time. This could be...

To test the product durabilityA . 1 and 2 onlyB . 3 and 4 onlyC . 2 and 3 onlyD . 1 and 4 onlyView AnswerAnswer: C Explanation: It would be really convenient if we could just hand our products directly to the customers, but that’s not possible. Packaging needs...

Which of the following is the correct statement about total ordering cost?A . Rise as the average stock level risesB . Equal the number of orders placed times the cost of placing an orderC . Rise as the order quantity risesD . Fall with the per period usage rateView AnswerAnswer:...

Which of the following is the material handling equipment which uses the suction force to lift an item?A . Vacuum lifterB . Sack truckC . DollyD . Pallet stackerView AnswerAnswer: A Explanation: VACUUM LIFTER uses the vacuum pad which attaches itself to a product. The suction force al-lows the product...

There are no duplicate product codesA . 2 and 4 onlyB . 3 and 4 onlyC . 1 and 3 onlyD . 1 and 2 onlyView AnswerAnswer: C Explanation: The product code is often the key to obtaining documentation relating to products. Product codes are often use to link to...

Which of the following refer to material used for filling the void left in the box but they have poor environmental profile?A . Polystyrene chipsB . CagesC . Metal rackingD . Polypropylene strapsView AnswerAnswer: A Explanation: Void filling is the general term giving to the challenge of filling the space...

Which type of codes can a barcode laser scanner (linear scanner) read?A . Numerical codeB . QR codeC . Aztec codeD . 1D barcodeView AnswerAnswer: D Explanation: One-dimensional (or 1D) barcodes systematically represent data by varying the widths and spacings of parallel lines. These include some of the most traditional...

Finished goodsA . 1, 3 and 4B . 1, 2 and 4C . 2, 3 and 4D . 2, 3 and 4View AnswerAnswer: A Explanation: The normal breakdown in a manufacturing organisation would be raw materials, components, work in progress and finished goods. Following are the different types of inventory:...

The following are examples of scheduled maintenance except...A . Oil changes and regular servicingB . Overhauling of machineC . Repair signage damage from a recent stormD . Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...

Which of the following best describes the relationship between a service level and safety stock? A. A safety stock is not always required to achieve a required service level B. A service level decreases in proportion to a decrease in safety stock C. When safety stock is zero the service...