A. Item cost B. Storage cost C. Deterioration D. Opportunity cost of investment

Question

A. Item cost B. Storage cost C. Deterioration D. Opportunity cost of investment in inventory 15. Which of the following statements is incorrect about managing inventory in supply chains? A. In a supply chain, a single firm typically controls all of the inventories that are required while manufacturing a product. B. Coordination among supply chain partners is essential while managing inventory across the supply chain, C. The total cost minimization approach can be applied while managing inventory across the supply chain. D. None of the above 16. Which of the following is not a purpose of inventory? A. To protect against uncertainties B. To uncouple phases of operations C. To provide for transit D. To decrease obsolescence 17. Which of the following is the planning and scheduling of projects concened? A. Loss ofproduction C. Project management D. The unique, one-time production activity 18. The objective(s) of projects is/are: B. Time C. Cost D. Performance A. All of the above 19. Inventory is held for many purposes, including: A. To protect against uncertainties B. To facilitate production C. To satisfy customer demand D. B and C E. A and EB 20. Transportation cost is an example of: A. Item cost B. Ordering cost C. Carrying cost D. Stockout cost E. Storage cost

Explanation / Answer

14. The correct answer is a) Item cost

When an item is defined, the scheme creates cost documentation according to the costing process. If inventory transactions have occurred then cost for the item must be defined

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