10 Questions
What is another term for stock?
Inventory
What is the transformation process of raw materials into finished goods called?
Manufacturing
Which of the following are inventories held in operations of a hotel business?
Toilet items
What would a television manufacturer not hold as inventory?
Beddings
Which of the following is considered a safety inventory?
Buffer inventory
What type of inventory is held in anticipation of expected demand fluctuation?
Anticipation inventory
What items would be considered as inventories held in operations of a hotel business?
Toilet items
What is the term for additional inventory stored to meet expected demand fluctuation?
Anticipation inventory
What type of inventory is considered as a safety measure against unexpected fluctuations in supply and demand?
Buffer inventory
What do you call the transformation process of raw materials into finished goods?
Manufacturing
Test your knowledge of managing manufacturing business with this quiz, covering topics such as inventory, transformation process, and inventory management in specific industries.
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