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NEW QUESTION: 1
A perpetual inventory system uses a minimum quantity on hand to initiate purchase
ordering procedures for restocking. In reviewing the appropriateness of the minimum quantity level established by the stores department, the internal auditor is least likely to consider
A. Available storage space and potential obsolescence.
B. Optimal order sizes determined by the economic order quantities model.
C. Seasonal variations in forecasting inventory demand.
D. Stockout costs, including lost customers.
Answer: B
Explanation:
The basic economic order quantity EOQ) model is based on the following variables: demand, variable cost per purchase order, and variable unit carrying cost. Thus, minimum stocking levels do not affect the EOQ.
NEW QUESTION: 2
Which of the following is a continuous process of comparing performance with desired objectives to identify opportunities for improvement, and is conducted by individuals, groups, or organizations relating to their own work?
A. Self Assessment
B. Management Assessment
C. Continuous improvement
D. Control
Answer: A
NEW QUESTION: 3
Regarding the loss of the OMU Portal login password in the IVS system, which one is the correct processing method?
A. After the password of the ordinary user is lost, it can be initialized to ChangeMe by logging in to the CU through a user with password management authority.
B. After the administrator user password is lost, it can be recorded to the SMU server through the SSH server. The command is initialized to Change Me.
C. After the password of the ordinary user is lost, you can log in to the OMU Portal through the user with password management authority.
D. IVS system is very secure. When the password is forgotten, the system can only be reinstalled.
Answer: B