Stocks management

Question 1

A stock or inventory is an accumulation of materials in _______ and _______ for a specific purpose.

Answer 1

Space, time

Question 2

The cost of renting an industrial building where a company has stored the finished product is a…
A. storage cost
B. cost of not storing

Answer 2

A

Question 3

The cost of staff overtime needed to compensate in production due to lack of material is a…
A. storage cost
B. cost of not storing

Answer 3

B

Question 4

When a company loses a customer because of not supply on time its product is a…
A. storage cost
B. cost of not storing

Answer 4

B

Question 5

The economic value of the product in process corresponds to a…
A. storage cost
B. cost of not storing

Answer 5

A

Question 6

The cost of the time it takes an operator to change the drill bit of a drill to drill a lot of parts is a cost of not _______ .

Answer 6

storing

Question 7

In the launching and preparation costs are incurred each time a batch of parts is being manufactured. [True/False]

Answer 7

True

Question 8

In the simplified inventory management model are made some of the following simplifying assumptions:
A. Instantaneous and complete reception.
B. Demand is not seasonal.
C. Demand is known, constant and dependent.
D. The due date is known and constant.
E. Stockouts are allowed.

Answer 8

A, B, D