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L4M7 - Revision Day Flashcards | StudBud
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L4M7 - Revision Day
L4M7 - Revision Day
10 terms
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StudBud Administration
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118 plays
Questions for revision of L4M7
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
Which of the following does not contribute to holding costs?
Storekeeper's salary.
Cost of stock-outs.
Insurance.
Accountant's salary.
2
What is this?
A reach truck.
A fork lift truck.
A counter balance truck.
A pallet truck.
3
You are offered a price based on you collecting from the supplier. This is...
DAP - Delivered at Place
FOB - Free on Board
DAT - Delivered at Terminal
EXW - Ex Works
4
Which protects products from drop or impact damage?
Pallet wrapping.
Strapping.
Heat-shrink wrap.
Void-filler.
5
What is an Evergreen Contract?
One that is tried and tested.
A new contract with a new supplier.
One with untested terms and conditions.
One that renews year on year.
6
What is the Bullwhip effect?
Travelling extra miles due to increased sales.
Demand increasing up the supply chain.
The oversizing of warehouses.
Supplier persecution.
7
Hedging is a technique to offset potential losses.
True
False
8
Stock for which there is no longer a market is called what?
Obsolescent.
Written-off stock.
Redundant.
Obsolete.
9
ISBN is an example of what type of code?
Numerical-Structured.
Alpha-Numeric-Structured.
Alphabetical-Structured.
Alphabetical-Random Generated.
10
What is this?
An RF Tag.
A 2D barcode.
A 1D barcode.
A 3D barcode.
