Functions would look at additional inventory as positive

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Reference no: EM132157078

1. Which of the following functions would look at additional inventory as a positive?

a. Human Resources

b. Finance

c. Accounts Receivable

d. Marketing

2. Samsung has decided to ship their new Smart Phones they have built in Korea to their US based retail customers via air shipments as opposed to ocean. What advantage listed below would they expect to see based on this decision?

a. While the shipments will be quicker, but the costs will be similar

b. Their shipping cost will be reduced

c. Due to quicker transit times of air shipments, their inventory carrying costs will be lower than utilizing ocean shipments

d. Their customer service levels will be higher due to lower inventory levels

3. In Distribution, strategically placing products in locations to optimize material handling and space efficiency is referred to as what?

a. Simulation

b. Slotting

c. ABC analysis

d. Picking

4. Reducing product returns is a good objective for any corporation. What might be a reason for caution from going too far in this approach?

a. Cost

b. Competitive position with customer service

c. Governmental regulations

d. Quality

5. When looking at INCO Terms which statement below would be most correct?

a. They are tied to Free Trade Agreements like NAFTA

b. The terms starting with "E" and "F" represent more responsibility for the Importer while the "D" terms represent more responsibility for the Importers

c. They are used for both International and Domestic shipments

d. They are required terms for international shipments

Reference no: EM132157078

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