Question 1

Who devised the INCOTERMS?

Options :

A : International Chamber of Civil Engineers

B : International Chamber of Commerce

C : International Cubical of Civil Engineers

D : International Cubical of Commerce

Answer: B

Question 2

The MRP refers to minimum order quantity, batch quantities and buffer stock to arrive at an order and creates BOM for each product ordered. What does BOM stand for?

Options :

A :

Bill of manufacturing

B : Bill of materials

C : Bill of measurements

D :

Bill of motion

Answer: B

Question 3

An organisation can be in profit but have poor cash flow

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

Which mode of transport is more environmentally friendly than other methods, and can be used for large or heavy items?

Options :

A : Air

B : Pipeline

C : Rail

D : Road

E : Sea

Answer: C

Question 5

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