Question 1

An organisation can be in profit but have poor cash flow

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

The buyer does not need to look at global sources to fully understand their own country’s domestic importation regulations.

Options :

A : TRUE

B : FALSE

Answer: B

Question 3

Which of the following is a definition of the economic order quantity – EOQ?

Options :

A : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

B :

Formula that buyers use to calculate the most economically viable price in which to order additional stock

C : Formula that buyers use to calculate the most economically viable place in which to order additional stock

D : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

Answer: A

Question 4

Which classification of items are mid-value items that contribute to organizational success, so they need good inventory management controls in place?

Options :

A : A

B : B

C : C

D : D

Answer: B

Question 5

An unfortunate side effect of using automated packing, wrapping and labelling machines is the corresponding increase in non-biodegradable waste.

Options :

A : TRUE

B : FALSE

Answer: A

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