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Which of the following is the material handling equipment which uses the suction force to lift an item?
Which of the following is the material handling equipment which uses the suction force to lift an item?A . Vacuum lifter B. Sack truck C. Dolly D. Pallet stackerView AnswerAnswer: A Explanation: VACUUM LIFTER uses the vacuum pad which attaches itself to a product. The suction force al-lows the product...
The amount of inventory available at the start of an accounting period is known as...?
The amount of inventory available at the start of an accounting period is known as...?A . Buffer stock B. Work-in-progress C. Opening stock D. 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...
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are...?
Among different types of costs associated with inventory, the costs of obtaining purchase approvals are...?A . Purchasing price B. Costs of stockouts C. Acquisition costs D. Holding costsView AnswerAnswer: C Explanation: Direct and indirect costs of holding inventory include the following: - Acquisition costs: preparing the requisition, supplier selection and...
P2P system
P2P systemA . 2 and 3 only B. 1 and 3 only C. 2 and 4 only D. 1 and 4 onlyView AnswerAnswer: D Explanation: There are several methods to reduce the acquisition costs in procurement. L4M7 study guide lists the following methods: - Buyer discretionary spend - 'User buying'...
Which of the following best describes the relationship between a service level and safety stock?
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...
Which of the following best describes the relationship between a service level and safety stock?
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...
What is the holding cost of this beer pallet?
A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which has volume of 0.5 cubic meter will be stored for 5 days. What is the holding cost of this beer pallet?A . $4.00 B. $4.50 C. $4.25 D....
The following are examples of scheduled maintenance except...
The following are examples of scheduled maintenance except...A . Oil changes and regular servicing B. Overhauling of machine C. Repair signage damage from a recent storm D. Cleaning of tankView AnswerAnswer: C Explanation: Scheduled maintenance is any repair and upkeep work performed within a set timeframe. It details when given...
To test the product durability
To test the product durabilityA . 1 and 2 only B. 3 and 4 only C. 2 and 3 only D. 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 type of codes can a barcode laser scanner (linear scanner) read?
Which type of codes can a barcode laser scanner (linear scanner) read?A . Numerical code B. QR code C. Aztec code D. 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...
