A. Two-bin system
B. Periodic system
C. Perpetual inventory system
D. Point-of-sale systems
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BBA-Business Administration
Price reductions for larger orders are known as ____?
A. Quantity Concessions
B. Quantity relaxation
C. Quantity discounts
D. Quantity offs
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The order size that minimizes total annual cost is ______?
A. economic order quantity
B. economic production quantity
C. quantity discount model
D. none
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A-B-C approach classifies inventory according to _____?
A. Manufacturing time
B. Ordering measures
C. Importance measure
D. Customer preferences
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Physical count of items in inventory made at intervals is _____?
A. Two-bin system
B. Periodic system
C. Perpetual inventory system
D. Point-of-sale systems
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Ratio of average cost of goods sold to average inventory investment is known as ______?
A. Inventory turnover
B. Little’s Law
C. Inventory management
D. None
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The aim of Six Sigma initiative is to ______?
A. Identifying cause of defects
B. Removing the cause of defects
C. Feedback to defects
D. Both A and B
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The concept of Six Sigma was developed by the following company?
A. General Electric
B. Motorola
C. Honeywell
D. DuPont
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Who is considered to be the father of Six Sigma______?
A. Bill smith
B. Walter Shewhart
C. Jack Welch
D. None
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While setting Quality objectives, ____ to be considered?
A. Material Quality
B. Customer need
C. Market demand
D. All of above
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