Which of the following statements is true about obtaining a high level of accuracy for inventory records?

• A.It is probably impossible to achieve and will be costly to obtain.
• B.It would result in savings that are likely to be small and difficult to determine.
• C.It is not necessary to achieve because of safety stocks and safety lead time.
• D.It would usually lead to a reduction of inventory levels.

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When items required from stock must be selected from storage and brought to a marshalling area, this activity is called:

• A.Collect goods
• B.Pick goods
• C.Select goods
• D.Accept goods

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Government regulations majorly apply to areas as:

• A.Population growth
• B.Environment and taxation
• C.Product liability and safety
• D.All of these

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The amount or permissible variation between an inventory record and a physical count is called:

• A.Variable Charity
• B.Tolerance
• C.Common Fluctuation
• D.Charity

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is a usual process to start with the due date and using find lead time, to work back to operations?

• A.Utilization
• B.Back Scheduling
• C.Capacity management
• D.Efficiency

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