1. Materials management is also called____________
A. Distribution planning
B. Control and logistics management
C. Both of the above
D. Neither of the above
2. Raw Materials and WIP can be classified under ________
A. Indirect Material
B. Direct Material
C. Finished Material
D. Standard Parts
3. Buying according to the requirements is called ________
A. Seasonal Buying
B. Hand to mouth buying
C. Scheduled Buying
D. Tender Buying
4. _________ also called part lists or building lists is the document generated at the design stage.
A. BOM (Bill of Materials)
B. MRP (Material Requirement Planning)
C. MPS (Master Production Schedule)
D. All of the above
5. The first activity of Purchasing cycle is _____________
A. Communicating requirement to the purchase
B. Source Selection and development
C. Recognizing the need for procurement
D. Inspection of goods
6. ____ is the time that elapses between issuing replenishment order and receiving the material in stores.
A. Replenishment time
B. Lead time
C. Idle-time
D. None of the above
7. ____ is the scientific technique for planning the ordering and usage of materials at various levels of production and for monitoring the stocks during these transactions.
A. MRP
B. MPS
C. BOM
D. None of the above
8. Materials management is a coordinating function responsible for planning and controlling materials flow. Its objective(s) is/are:
A. Maximize the use of the firm's resources
B. Provide the required level of customer service
C. Both of the above
D. Neither of the above
9. Procurement costs consist of ______________________________.
A. Cost of receiving quotations
B. Cost of processing quotation and issuing purchase order
C. Cost of following up and expediting purchase order
D. All of these
10. The modern technique of material management is _______________.
A. ISO
B. MRPe
C. TQM
D. MEOQ
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