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Higher Business - Operations
Select the correct answer for each question to do with higher business.
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Last updated: February 20, 2026
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| First submitted | February 20, 2026 |
| Times taken | 6 |
| Average score | 100.0% | Report this quiz | Report |
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1. Select the correct description of a feature of an inventory management system.
the highest level of inventory that should be held to maximize costs is the maximum inventory level
the level which inventory should be re- ordered at is the re-order level
inventory that is disposed of at the end of the day is buffer zone
the amount of inventory used a day is re-order level
2. Which factor should NOT be considered when setting a re-order quantity?
the length of time it will take a supplier to deliver/lead time
the finance available for purchasing/budget
the number of staff a business has
the amount of storage space available
3. Select the correct definition of JIT (Just-in-time)
Having large amounts of stock on hand at all times
Goods are already produced before orders are placed
Suppliers never deliver stock
Only ordering stock when it is needed and when an order has been placed
4. Which of these is a disadvanatge of JIT
Low storage costs smaller premises required
May lose bulk buying discount/economies of scale
Reduced wastage as less inventory is stored which reduces risk from fashion changes or items going ‘out of date’
Close ties with suppliers established
5. Which of the following is an advantage of centralised inventory storage?
Less duplication
Increased wastage due to large amounts
Not reflective of actual inventory in each dept
Time wasted moving/delivering materials which also has cost implications
6. Which method of production does this statement describe 'Products made using
mainly human effort eg people rather than machines.'
Labour Intensive
Capital Intensive
Automation
Mechanisation
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