1. Which type of inventory consists of finished goods?
A. transportation inventory
B. MRO inventory
C. components inventory
D. WIP inventory
E. raw materials inventory
2. You buy surgical gloves in pallet loads of 10,000 pairs once a month. You just received this month's shipment. You use approximately 2,500 pairs per week. The inventory that is not being used this week is
A. speculative inventory
B. anticipation inventory
C. fluctuation inventory
D. lot-size inventory
E. transportation inventory
3. A grocer store orders frozen hams by the rail car load in order to take advantage of volume discounts from the processor. Typically the hams are stored in a warehouse and distributed to stores as needed. It usually takes two months for all of the hams to be sold to customers. In this scenario, hams are
A. speculative inventory
B. transportation inventory
C. lot-size inventory
D. fluctuation inventory
E. anticipation inventory
4. In the three factors of success model, what two components comprise the "acceptability” factor?
A. Economic and political
B. Financial and stakeholder
C. Emergent and congruent
D. Cultural and legal
5. Generally speaking the greater the uncertainty about future demand, the greater the need for
A. MRO inventory
B. Lot size inventory
C. Safety stock inventory
D. ABC classification