The activities related to coordinating, controlling and planning flow of inventory are classified as ___________?
Correct answer: C. inventory management
- A. decisional management
- B. throughput management
- C. inventory management
- D. manufacturing management
Explanation
Inventory management covers planning, coordinating, and controlling the movement and level of inventory. Manufacturing management is broader and includes the whole production function, not only inventory flow.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be ___________?
The cost of product failure, error prevention and appraisals can be classified under ___________?
The required rate of return, is multiplied per unit cost of purchased units to calculate __________?
The costs of goods acquired from suppliers are classified as ___________?
The profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as ____________?
If the relevant incremental costs are $5000 and the relevant opportunity cost of invested capital is $2500, then the relevant inventory carrying costs would be ____________?