L4M7 V1

Among different types of costs associated with inventory, the costs of obtaining purchase approvals are...?A . Purchasing priceB . Costs of stockoutsC . Acquisition costsD . Holding costsView AnswerAnswer: C Explanation: Direct and indirect costs of holding inventory include the following: - Acquisition costs: preparing the requisition, supplier selection and...

ANTA Logistics is looking for a place to build a new, integrated cold chain facility, “Chill Hub”, to its customers. Which of the following need to be considered when selecting the location of the new facility? Select TWO that apply.A . Availability of the buildingB . Ease of objective forecasting...

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...

Bulk loose coal that requires massive handling system should be stored in which area?A . Chill hubB . StockyardC . Heating warehouseD . StoreView AnswerAnswer: B Explanation: Materials that will not easily deteriorate, are generally stored in open or fairly covered areas (stockyard). The materials are usually in bulk, like...

Which of the following is a forecasting technique?A . LIFOB . Moving averageC . Time-weighted seriesD . ABC analysisView AnswerAnswer: B Explanation: Last in, first out (LIFO) is a method used to account for inventory that records the most recently produced items as sold first. Under LIFO, the cost of...

A brewery sells its beer in aluminum cans. It recycles the cans by using contractors to collect and mold the used cans. This is an example of...?A . Closed-loop recyclingB . Carbon recyclingC . Open-loop recyclingD . ReuseView AnswerAnswer: A Explanation: There are two main processes of recycling C open...

Which of the following correctly describes the triple bottom line?A . Professional, Planet, ProfitB . People, Planet, ProjectC . People, Product, ProfitD . People, Planet, ProfitView AnswerAnswer: D Explanation: The triple bottom line is a sustainability framework that examines a company’s social, environment, and economic impact (or People, Planet, Profit)....

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...

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 minimum aisle width for using standard counterbalanced forklifts?A . 4.9 ft - 5.2 ftB . 5.6 ft - 5.9 ftC . 6.9 ft - 7.2 ftD . 10.5 ft - 13.1 ftView AnswerAnswer: D Explanation: Minimum open aisle width for standard counterbalance forklift is...