In inventory control, the economic ordering quantity is obtained by the quantity whose procurement cost is equal to inventory carrying cost.

A)
True
B)
False
C)
Can Not Say
D)
None of the above

Correct Answer : Option (A) :   True

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In a functional organisation
A)
quality of work is better
B)
wastage of material is minimum
C)
specialised knowledge and guidance to individual worker is provided
D)
All of the above

Correct Answer :   All of the above

The most important function of inventory control is
A)
stock control system
B)
to run the stores effectively
C)
technical responsibility for the state of materials
D)
All of the above

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The purpose of micromotion study is to
A)
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B)
help in collecting the motion time data for synthetic time standards
C)
train the individual operator regarding the motion economy principles
D)
All of the above

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