Final Exam - Log
104
1. In developing the standard economic order quantity formula the following assumption is ( are) made: all of
the above are assumed
2. In determining the economic order quantity (EOQ) the following cost are considered: ordering cost and
inventory carrying cost
3. In the order quantity is increased the annula cost of carrying inventory will: increase
4. Assuming the cost per order is constant, increasing the order quantity will cause annual order costs to:
Decrease
5. In simple EOQ model annual inventory carrying costs and annual ordering cost vary: with order quantity
6. When workig a simple EOQ problem, you notice that, with a certain lot size, the annual ordering cost is
exactly the same value as the annual inventory carry cost. Whih of the following is true: The lot size is the
economic order quantity
7. A supplier offers a quantity discount. Which if the following will influence the decision to accept the
discount or not?: All of the above are revelant
8. If a purchase discount is taken: All the above is true
9. Quantity discounts causes companies to: Increase their inventory
10.The period order quantity is equal to: EOQ divided by average period demand
11.The period order quantity: is based on the same assumption as EOQ model
12.Which of the following techniques balances the cost of ordering with the carrying: all of the above
13.Quantity discounts: Can be a good decision if the total annual cost are reduced
14.Which if the following statements are true about warehouse operation: All of the above
15.The operating cost of a warehouse will depend on: All of the above
16.Which of the following is NOT a warehouse activity: Transportation
17.Which of the following statement is best: Accessibility means being able to get the goods without minimum
amoint of work
18.Which of the following is best: Among other things, warehousing labor pro- ductivity will depend on
watehouse
19.Which of the following is a principle of merchandise location in the ware- house: All of the above`
20.Which of the following is NOT a method of order picking: Floating location system
21. Which of the following is NOT a basic stock location system: Locate all stock for fast access
22.In a cycle counting system: Items counts are determines by their ABC classi- fication
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104
1. In developing the standard economic order quantity formula the following assumption is ( are) made: all of
the above are assumed
2. In determining the economic order quantity (EOQ) the following cost are considered: ordering cost and
inventory carrying cost
3. In the order quantity is increased the annula cost of carrying inventory will: increase
4. Assuming the cost per order is constant, increasing the order quantity will cause annual order costs to:
Decrease
5. In simple EOQ model annual inventory carrying costs and annual ordering cost vary: with order quantity
6. When workig a simple EOQ problem, you notice that, with a certain lot size, the annual ordering cost is
exactly the same value as the annual inventory carry cost. Whih of the following is true: The lot size is the
economic order quantity
7. A supplier offers a quantity discount. Which if the following will influence the decision to accept the
discount or not?: All of the above are revelant
8. If a purchase discount is taken: All the above is true
9. Quantity discounts causes companies to: Increase their inventory
10.The period order quantity is equal to: EOQ divided by average period demand
11.The period order quantity: is based on the same assumption as EOQ model
12.Which of the following techniques balances the cost of ordering with the carrying: all of the above
13.Quantity discounts: Can be a good decision if the total annual cost are reduced
14.Which if the following statements are true about warehouse operation: All of the above
15.The operating cost of a warehouse will depend on: All of the above
16.Which of the following is NOT a warehouse activity: Transportation
17.Which of the following statement is best: Accessibility means being able to get the goods without minimum
amoint of work
18.Which of the following is best: Among other things, warehousing labor pro- ductivity will depend on
watehouse
19.Which of the following is a principle of merchandise location in the ware- house: All of the above`
20.Which of the following is NOT a method of order picking: Floating location system
21. Which of the following is NOT a basic stock location system: Locate all stock for fast access
22.In a cycle counting system: Items counts are determines by their ABC classi- fication
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3
