Question 1

Which of the following is the material handling equipment which uses the suction force to lift an item?

Options :

A : Pallet stacker

B : Dolly

C : Vacuum lifter

D : Sack truck

Answer: C

Question 2

When accounting for the disposal of fixed assets, the gain or loss on disposal is equal to...?

Options :

A : The difference between resale price and the cost or valuation plus depreciation up to the beginning of the year in which disposal took place

B : The difference between resale price and the cost of the asset less depreciation up to the beginning of the year in which disposal took place

C : The difference between resale price and the cost or valuation less accumulated depreciation up to the date of disposal

D : The difference between resale price and the cost of that asset

Answer: B

Question 3

Among different types of costs associated with inventory, the opportunity cost of the investment tied up in inventory belongs to which of the following?

Options :

A : Holding costs

B : Purchase price

C : Costs of stockouts

D : Acquisition costs

Answer: A

Question 4

One of the classifications of inventory is referred to as 'indirect supplies.' Which of the following items are examples of indirect supplies in a water bottling plant? Lubricants for maintenance of production machines Computer cartridges for the procurement office Reams of printed labels to stick on water bottles Blue-colored plastic caps to seal the water bottles

Options :

A : 1 and 2 only

B : 1 and 3 only

C : 2 and 3 only

D : 3 and 4 only

Answer: A

Question 5

What are some warehouse layouts that have cross aisles and picking aisles that intersect at angles other than 90 degrees?

Options :

A : 'Fan' shaped layout

B : Herringbone-shaped layout

C : U-shape layout

D : L-shape layout

E : 3 and 4 only

F : 2 and 3 only

G : 1 and 3 only

H : 1 and 2 only

Answer: H

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