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Question 1

Once the sales team enters an order, the MRP system refers to current stock levels and calculates how many of each product needs to be manufactured.

Options :

A : TRUE

B : FALSE

Answer: A

Question 2

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 3

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 4

An organisation can be in profit but have poor cash flow

Options :

A : TRUE

B : FALSE

Answer: A

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