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Higher Business - Operations - Statistics
General Stats
- This quiz has been taken 6 times
- The average score is 6 of 6
Answer Stats
| Question | Answer | % Correct |
|---|---|---|
| Which method of production does this statement describe 'Products made using mainly human effort eg people rather than machines.' | Labour Intensive | 100%
|
| Which of the following is an advantage of centralised inventory storage? | Less duplication | 100%
|
| Which of these is a disadvanatge of JIT | May lose bulk buying discount/economies of scale | 100%
|
| Select the correct definition of JIT (Just-in-time) | Only ordering stock when it is needed and when an order has been placed | 100%
|
| Which factor should NOT be considered when setting a re-order quantity? | the number of staff a business has | 100%
|
| Select the correct description of a feature of an inventory management system. | the level which inventory should be re- ordered at is the re-order level | 67%
|
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