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What aims at optimizing inventory levels?

LohaHridoy
  1. Inventory Control
  2. Inventory Capacity
  3. Inventory Planning
  4. None of the above

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1 Answers

AhmedNazir

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Answer: Option 3

Inventory Planning aims at optimizing inventory levels. The aim of inventory optimization is to reduce the holding and maintenance costs, without neglecting the customer satisfaction level. In other words, inventory optimization helps to reduce inventory while improving service level.

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What is an accounting term that represents an inventory account adjustment?

Answer: Option 2 Let'

1 Answers 4 views
In the perpetual inventory control, the material is checked when it reaches its?

Answer: Option 1 In the perpetual inventory control, the material is checked when it reaches its Minimum value

1 Answers 4 views
In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as?

Answer: Option 4 In process costing method, when work done in current accounting period and beginning inventory before current accounting period, is classified as First-in, first-out method.

1 Answers 1 views
Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statements : The T.V. staff deserves an applaud for showing booth capture. Conclusions : I. T.V. aims at showing things in their true perspective. II. People involved in booth capturing have been recognised and are being tried by law.?

Answer: Option 1 Clearly, I directly follows from the statement. However, II is not directly related to the given statement and so does not follow.

1 Answers 1 views
Which of the following inventory valuation methods show higher profits during the period of rising prices?

Answer: Option 1 Let'

1 Answers 1 views
What software packages are commonly used for businesses that have to track extensive lists of clients and inventory?

Answer: Option 4 Let'

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Forest policy of govt. aims to bring what percentage of total area, under forest?

Answer: Option 1 India targets bringing 33° of its geographical area under forest cover. As many as 15 states and union territories (UTs) have forest cover exceeding 33° of their...

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Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as?

Answer: Option 4 Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as relevant opportunity cost of capital.

1 Answers 2 views
An investment of money in idle inventory, in place of investing same amount of money somewhere else is an example of?

Answer: Option 4 An investment of money in idle inventory, in place of investing same amount of money somewhere else is an example of opportunity cost. Opportunity costs represent the...

1 Answers 1 views
In which one of the following places is the Forest Survey of India (FSI), a national organization engaged in forest cover mapping, forest inventory and training in the field of remote sensing and GIS, located?

Answer: Option 1 Government of India conducts survey and assessment of forest resources in the country. The organization came into being in June 1981. The headquarters of Forest Survey of...

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