Q57. When accounting for the disposal of fixed assets, the gain or loss on disposal is equal to…?

Q58. Which of the following is a main objective of just-in-time?

Q59. When deciding on the storage facilities and locations, an organisation needs to assess the current situation comprehensively and forecast the future demands. Quantitative analysis is the best method for these activities. Is this statement true?

Q60. Which of the following is often created by each business and commonly used for the purpose of inventory management?

Q61. Which of the following statements is true?

Q62. Which of the following are typical characteristics of 2D barcodes? Select TWO that apply.

Q63. A manufacturer is making a plan for strategic safety stock. To do so, they must analyse the proba-bility of a stock out occurring and the cost impacts if it does. Which of the following are typical costs the manufacturer may incur in ‘out of stock’ event? Select TWO that apply.

Q64. Which of the following is the Japanese word for ‘billboard’ or ‘signboard’?

Q65. The ABC approach involves classifying inventory items by unit cost, with expensive items classi-fied as ‘A’ items and low cost items classified as ‘C’ items. Is this statement true?

Q66. Which of the following best defines ‘exponential moving average’?

Q67. Which of the following is NOT an improvement available in ERP II in compare with ERP?

Q68. Which of the following best describes the term ‘periodic review’?

Q69. Which of the following should be considered when an organisation plans for disposing obsolescent and redundant stock? Select TWO that apply.

Q70. Which of the following is the character that allows the computer to verify whether a product code is entered correctly?

Q71. A restaurant needs to buy a new freezer. The owner applies total cost of ownership model to calcu-late the life-time cost of the freezer. This equipment has a price tag of $1,000, the supplier can offer free delivery if the restaurant pays off immediately. Estimated electricity consumption of the freezer is $200 in 5 years. The supplier ascertains that the freezer is very durable, buyer doesn’t need to care about maintenance costs. However, if the restaurant needs better protection from breakdowns, the warranty is free for the first 12 months after the purchase. This warranty package can be extended once for another 24-month period with the cost of $75. After 5 years, the buyer will be able to resell this freezer for $250. What would be the estimated total cost of ownership of this freezer if the restaurant owner buys the extended warranty package?

Q72. A supermarket calculates that the average holding cost for an item is $1.50 per cubic meter per day. A beer pallet which has volume of 0.5 cubic meter will be stored for 5 days. What is the holding cost of this beer pallet?

Q73. XYZ Ltd is a highly profitable leading industrial distributor with over 60,000 products and an enviable record for customer service. After undertaking preliminary discussions it was decided to analyse the value-adding activities that contribute to XYZ’s flagship products. The company is conducting which of the following activities?

Q74. Which of the following is the cylindrical container that is suitable for liquids or loose material

Q75. U-shape flow layout can utilise handling equipment if the high demands items locate adjacent to shipping docks. Is this statement true?