Study Material Management online MCQ with answers practice set for your academic course and prepare for your exam and online assignments. You can give online FREE Quiz and test your knowledge on OMCQ portal.
#OMCQ #MCQ #OnlineMCQ #OnlineQuiz – Yes! After Practice of MCQ, you can give Online Quiz Test of Material Management Multiple Choice Question Practice Exam Online Set and check your knowledge about your study.
Exam Question
Successful negotiations are always a result of
- 1. Arguments
- 2. Skill of the buyer
- 3. Skill of the seller
- 4. Understanding and appreciation of each other’s position
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Janta Television has a plant for making 30,000 TV’s per month. It has facilities of making PCB assemblies, TV sub assemblies, final assembly, testing and packing. The market fluctuates between 20000 to 40000 TV’s per month. Should it subcontract making of PCB assemblies (tick the relevant answer):
- 1. Yes, if PCB assembly is their core strength
- 2. Yes, if it is economical to produce in-house
- 3. Yes, if demand is more than capacity and PCB assembly is not their core strength
- 4. Yes, if the chief says outsourcing is the trend
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Demand for item A is 200 units. Cost of placing order is Rs 240. Inventory carrying cost is 20%. Price of unit item if the ordering quantity is below 49 units is Rs 290. What is the optimal order quantity?
- 1. about 41 units
- 2. about 50 units
- 3. about 49 units
- 4. none of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
If the material cost is 60% of sales turnover and profit margin is 6% of sales, what action should be taken to increase profits by 10%:
- 1. Reduce material cost by 10%
- 2. Improve Quality by 5%
- 3. Reduce Material Cost by 1%
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Warehouse layout essentially and primarily depends on:
- 1. Space available
- 2. Statutory requirements
- 3. Product and volumes
- 4. Equipments available
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Stock Keeping Unit (SKU) means
- 1) Specific part or product identification number
- 2) Part or product in a stock keeping location
- 3) Group of similar parts or products
- 4) Parts or products in transit
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
In the above problem 27, the average lead time is 6 weeks. Standard deviation of demand per week is 10 units. Maximum delay in lead time is 3 weeks and probability of maximum delay is 0.39. Service level desired is 95% (k=1.64) What is the reorder point?
- 1. about 1420 units
- 2. about 1155 units
- 3. about 1380 units
- 4. none of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
The best way to handle gas cylinder is to
- 1. Roll over their side
- 2. Drag them
- 3. Lift and carry them
- 4. Roll on the bottom edge
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Which of the following is essential for a contract?
- 1. ) Partnership firm
- 2. . Company is registered under Company’s act
- 3. ) Lawful object and lawful consideration
- 4. ) Liquidated damages
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Value of material can be increased by:
- 1. Reducing the functional worth
- 2. Increasing functional worth by 1.5 times and increasing cost to provide the functions by 1.6 times
- 3. Increasing the functional worth keeping cost constant
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Tick the statement which is true:
- 1. Purchase requisition is a legal document
- 2. Goods Received Note is prepared by Issue section
- 3. Technical evaluation is done before price evaluation in the tendering process
- 4. Receiving Stores prepares the Inspection report
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
The main objective of purchasing is
- 1. To secure best value for money
- 2. To purchase at least price
- 3. To purchase at right time
- 4. To purchase in right quantity
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Green Purchasing relates to the purchase of
- 1. Ergonomic products
- 2. Eco friendly products
- 3. Fresh products
- 4. Value added products
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Value analysis is a tool used for
- 1. Cost reduction
- 2. Benchmarking
- 3. Reengineering
- 4. Gap analysis
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
In the above problem 13, for item Z lead time is 2 weeks, and standard order quantity is 80 units. The current availability in stock is 90 units of Z. A scheduled receipt of 80 units of Z is due in week 1. What will be the available stock for item Z in week 6 if a new order for Z is released in week 3.
- 1. 90
- b)80
- c)10
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
In problem 29 above, the safety stock to cover lead time fluctuations is:
- 1. about 2810 units
- 2. about 4810 units
- 3. 16320 units
- 4. none of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Purchasing is buying right quality material from right source in right quantity in right Place at right time at:
- 1. Lowest Price
- 2. Convenience of Buyer
- 3. Optimal price which is a balance of quality, reliability, payment terms and delivery
- 4. Convenience of Supplier
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Relevance of Standardisation to Materials Manager is that it helps in:
- 1. Reducing materials cost
- 2. Providing more variety
- 3. Increasing complexity
- 4. Acquiring knowledge of world standards
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
Approved vendor list means
- 1. List of vendors approved by DGS & D
- 2. List of vendors approved by the Customer
- 3. List of vendors approved by the organization itself
- 4. None of the above
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Exam Question
The simplest method of specifying a product while purchasing is
- 1. Brand
- 2. Samples
- 3. Drawings
- 4. ISI specification
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Practice set and Exam Quiz
Yes! You can do Online MCQ practice of Material Management question set and give online exam quiz test for Material Management, so you can check your knowledge. Also must test your skill through FREE MCQ quiz from home page.
Important note for exam preparation: Must try Online MCQ Quiz Test after practice these Data Communication And Computer Network MCQ, so you can check your knowledge and improve efficiency. You can get link from above mention for these subjects.