Question 1

What would you typically see on a gantt chart?

Options :

A : Anniversary

B : Breakthrough

C : Landmark

D : Milestones

Answer: D

Question 2

The MRP refers to minimum order quantity, batch quantities and buffer stock to arrive at an order and creates BOM for each product ordered. What does BOM stand for?

Options :

A :

Bill of manufacturing

B : Bill of materials

C : Bill of measurements

D :

Bill of motion

Answer: B

Question 3

An organisation can be in profit but have poor cash flow

Options :

A : TRUE

B : FALSE

Answer: A

Question 4

Which of the following is a definition of the economic order quantity – EOQ?

Options :

A : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

B :

Formula that buyers use to calculate the most economically viable price in which to order additional stock

C : Formula that buyers use to calculate the most economically viable place in which to order additional stock

D : Formula that buyers use to calculate the most economically viable quantity in which to order additional stock

Answer: A

Question 5

Once the sales team enters an order, the MRP system refers to current stock levels and calculates how many of each product needs to be manufactured.

Options :

A : TRUE

B : FALSE

Answer: A

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