2. • (a) Logistics Management
• (b) Materials of Management
• (c) Bill of Materials
• (d) None of the above
1………….includes design and
administration of system to control the
flow of materials, WIP and finished
inventory to support business unit
strategy.
3. 2. Which Is not a part of basic system of
codification?
• Alphabetical System
• Numerical System
• Color Coding System
• None of the above
4. 3. …………and physical distribution are
the two major operations of logistics
• Supply Chain Management
• Materials Management
• Logistics Management
• None of the above
5. 4. ……….is the time that elapses
between issuing replenishment order
and receiving the material in stores.
• Replenishment time
• Lead time
• Idle time
• None of the above
6. 5 . Which of the following forms of
evaluating merchandise is most
appropriate for standardized, non-
breakable, and nonperishable
merchandise?
• sampling
• Inspection
• Description
• final selection
7. 6 . Off -price retailers and other deep
discounters generally employ which
form of buying?
• opportunistic buying
• decentralized buying
• resident buying house buying
• long-term buying contract
8. 7. Payments required by retailers for
providing shelf space in stores are:
• shelf facing fees
• slotting allowances
• multiple shelf face allowances
• shelf space allowances
9. 8. Inventory risk to a retailer is lowest
in a:
• short-term supply contract
• long-term supply contract
• consignment purchase
• negotiated purchase
10. 9. Which of the following can result
by maintaining a large inventory?
• quantity discounts obtained on larger
orders
• low investment costs
• high transportation charge
• difficulty with control and handling
11. 10. Which of the following is not a
potential advantage of maintaining a
small inventory?
• low investment costs
• low impact of order delay on sales
• low storage costs
• low obsolescence
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