Managerial Economics: Questions And Answers
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BPI NCP2 Section K - Dr. C. Lakshmi Devasena
Multiple Choice
Identify the choice that best completes the statement or answers the question.
1.
An organization unit responsible for procuring services and materials and negotiates conditions for the purchase with the vendors.
a.
Purchasing group
c.
Shipping point
b.
Purchasing organization
d.
Storage location
2.
A key that represents the buyer or group of buyers who are responsible for certain purchasing activities.
a.
Purchasing organization
c.
Shipping point
b.
Purchasing group
d.
Plant
3.
Master data that contains all the information a company needs to manage about a material.
a.
Material master data
c.
Condition master data
b.
Vendor master data
d.
Output master data
4.
Material
…show more content…
Total available plant stock for the material.
c.
Total available storage location stock for the material.
b.
Total reserved quantity on the reservation.
d.
Total available plant stock or Total available storage location stock, whichever is the smallest.
26.
The main aim of materials planning is to determine:
a.
The total sales figures for a given period.
c.
The difference between ordered quantities and consumption
b.
The requirement of specific quantities of materials at specific times.
d.
The buyers responsible for ordering materials.
27.
Your planning department is using a Forecast Model for materials planning. It has been established that while demand for the particular material is projected to increase steadily as market share is increased, the fluctuating tourist demand will affect the overall requirements. Which forecast model will best address this requirement?
a.
The Constant model.
c.
The Fluctuating trend model.
b.
The Constant trend model.
d.
The Seasonal trend model.
28.
The requisition for materials could be satisfied by sources within our company is related to
a.
Internal Sourcing
c.
Outlined Agreement
b.
Source List
d.
RFQ
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