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Cost Accounting MCQs

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Retail Organizations Inventory Management MCQ with Answers PDF

Solve Retail Organizations Inventory Management Multiple Choice Questions (MCQ), cost accounting quiz answers PDF with career test for online courses. Practice inventory management, just in time and costing methods Multiple Choice Questions and Answers (MCQs), Retail Organizations Inventory Management quiz questions and answers for online schools for business management. "Retail Organizations Inventory Management MCQ" PDF book: retail organizations: inventory management, cost accounts test prep for online schools for business administration.

"Which of the following is an example of purchasing costs?" Multiple Choice Questions (MCQ) on retail organizations: inventory management with choices incoming freight, storage costs, insurance, and spoilage for online schools for business management. Learn retail organizations inventory management quiz questions for merit scholarship test and certificate programs for online bachelor degree programs in business administration.

MCQs on Retail Organizations Inventory Management

1.

Which of the following is an example of purchasing costs?

incoming freight
storage costs
insurance
spoilage

2.

If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be

678 packages
648 packages
658 packages
668 packages

3.

The cost of product failure, error prevention and appraisals can be classified under

stocking costs
stock-out costs
costs of quality
shrinkage costs

4.

The activities related to coordinating, controlling and planning flow of inventory are classified as

decisional management
throughput management
inventory management
manufacturing management

5.

If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be

$200
$190
$160
$180
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