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Inventory and Excel Skills Test

The document is a 10 question quiz about inventory management concepts for an applicant named [blank]. The summary is: The quiz contains multiple choice questions testing inventory management concepts like which items are considered inventory, the costs involved in inventory decisions, definitions of terms like buffer stock and reorder level, calculations of minimum stock level, characteristics of economic order quantity, and components of inventory carrying costs. It also contains questions testing basic Excel functions like adding text to cells, deleting cell contents, and what happens when typing in a cell that already contains data.

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Cla Manpower
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190 views1 page

Inventory and Excel Skills Test

The document is a 10 question quiz about inventory management concepts for an applicant named [blank]. The summary is: The quiz contains multiple choice questions testing inventory management concepts like which items are considered inventory, the costs involved in inventory decisions, definitions of terms like buffer stock and reorder level, calculations of minimum stock level, characteristics of economic order quantity, and components of inventory carrying costs. It also contains questions testing basic Excel functions like adding text to cells, deleting cell contents, and what happens when typing in a cell that already contains data.

Uploaded by

Cla Manpower
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

CLA MANPOWER SERVICES

KM 7 CUB CUB, BRGY., CABANTIAN, DAVAO CITY


EMAIL ADD : [Link]@[Link]
Cell. No.: Globe 09175131622 / Sun 09338696847

CHECKER EXAMINATION
Applicant Name: ___________________________________________ Date: ___________________________

1. Which of the following is not an inventory?


a. Machines c. Finished products
b. Raw material d. Consumable tools
2. The following classes of costs are usually involved in inventory decisions except
a. Cost of ordering c. Cost of shortages
b. Carrying cost d. Machining cost
3. ‘Buffer stock’ is the level of stock
a. Half of the actual stock c. Minimum stock level below which
b. At which the ordering process actual stock should not fall
should start d. Maximum stock in inventory
 
4. The minimum stock level is calculated as
a. Reorder level – (Normal consumption x Normal delivery time)
b. Reorder level + (Normal consumption x Normal delivery time)
c. (Reorder level + Normal consumption) x Normal delivery time
d. (Reorder level + Normal consumption) / Normal delivery time
5. Which of the following is true for Inventory control?
a. Economic order quantity has minimum total cost per order
b. Inventory carrying costs increases with quantity per order
c. Ordering cost decreases with lo size
d. All of the above
6. Which of the following is not a component of inventory carrying cost?
a. capital cost c. insurance cost
b. transportation cost d. obsolescence cost.
7. The time period between placing an order its receipt in stock is known as
a. Lead time c. Shortage time
b. Carrying time d. Over time
8. Which of the following type(s) of text can be added to a cell?
a. People and place names. 
b. Losing sports teams and corrupt politicians. 
c. Exclamation marks, question marks and commas. 
d. All of the above are examples of text that can be added to a cell.
9. How do you delete text from a cell? 
a. By retyping the word and pressing enter twice. 
b. It is not possible to delete cell contents for data security reasons. 
c. By selecting the cell and pressing the delete button on your keyboard. 
d. By dragging your mouse cursor over the sheet whilst holding the left mouse button down.
10. What happens if you select a cell that already contains text or numbers and you start typing or
inserting numbers? 
a. The above action will add the additional text and/or numbers to the end of the existing contents
of the cell. 
b. The above action will delete the current contents of the cell and replace it with the next typed
text or numbers. 
c. The text or numbers you type will automatically be appended to the end of the existing contents
of the cell. 
d. Nothing will happen.  It is not possible to replace the contents of an existing cell.

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