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Question 11.Which of the following is a costing method that assumes inventory items are sold in the order in which they are acquired?
Question 22.Which costing method assumes that the most recent inventory items purchased are the first ones to be sold, and inventory items purchased first are sold last?
Question 33.Sam sells his inventory from a booth. He grabs whichever item he can and, at the end of the month, has sold everything. Which costing method would Sam use?
Question 44.Why is inventory valuation used?
Question 55.Which of the following is a costing method that is used to tract and cost specific and identifiable inventory items that are either in or out of stock?
Question 66.Which of the following is NOT one of the supply chain four key performance indicators?
Question 77.A customer orders 50 items, but only 30 items (60% of the total order) can be shipped from a company's inventory. Which KPI does this scenario represent?
Four metrics are being analyzed:
Order entry accuracy - 90%
On time delivery - 90%
Accurate invoicing - 98%
On time shipping - 98%
What is the value of the perfect order metric?
Question 99.A _____ is a path of all the organizations involved in a product's design, production, and delivery to a customer.
Question 1010.When analyzing storage space utilization, what is considered the ideal range?
Question 1111.How long it takes to manufacture a single unit is called:
Question 1212.On-time rate is best calculated by dividing the number of on-time _____ by the number of total orders shipped.
Question 1313.Which key indicator results in a figure that represents the number of days' worth of product available?
Question 1414.Which key indicator tells a business owner how efficient a factory is with regards to money?
Question 1515.Which key indicator tells a business owner if their warehouse is too big?
KPIs in Supply Chain Management Chapter Exam Instructions
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appear. Click it to see your results. You will lose your work if you close or refresh this page. Good luck!