MCQs of Construction material management (Construction Management - 2180611)

Construction Management (2180611) MCQs

MCQs of Construction material management

Showing 11 to 20 out of 23 Questions

11.

In selective inventory control which method is based on material’s significance with respect to other material?

(a)	ABC Analysis
(b)	MEP Analysis
(c)	FSN Analysis
(d)	VED Analysis

12.

Which of these is not a policy for inventory control?

(a)	Two bin system
(b)	Material type replacement policy
(c)	Lot size reorder point policy
(d)	Fixed order interval scheduling policy

13.

Which policy of inventory control requires maximum inventory storage?

(a)	Two bin system
(b)	Optimal replacement policy
(c)	Lot size reorder point policy
(d)	Fixed order interval scheduling policy

14.

_________ is the primary factor considered while implementing inventory control policy.

(a)	Maximum inventory
(b)	Reorder point
(c)	Lead time
(d)	Minimum stock level

15.

In material management EOQ stands for __________.

(a)	Economic Option Quantity
(b)	Economic Order Quality
(c)	Early Order Quantity
(d)	Economic Order Quantity

16.

If Q is Economic Order Quantity then what should be average inventory?

(a)	$\frac{Q}{2}$
(b)	$\frac{Q}{3}$
(c)	$\frac{Q}{4}$
(d)	$\frac{Q}{8}$

17.

If Total Cost = Inventory cost + order cost then at EOQ total cost will be ________.

(a)	Maximum
(b)	Minimum
(c)	Optimum
(d)	Zero

18.

If N = Annual Consumption, A = Ordering Cost, C = Unit Cost and I = Inventory carrying rate then equation to find Economic Order Quantity (Q) will be ________.

(a)	$\sqrt{\frac{2 * C * I}{N * A}}$
(b)	$\sqrt{\frac{2 * N * I}{C * A}}$
(c)	$\sqrt{\frac{2 * N * A}{C * I}}$
(d)	$\frac{2 * N * I}{C * A}$

19.

A construction company needs 20000 bags of cement annually. If ordering cost is Rs. 500 per order, inventory carrying rate is 10% and cost of one bag of cement is Rs. 300 then find out economical order quantity of cement.

(a)	817 Bags
(b)	880 Bags
(c)	850 Bags
(d)	820 Bags

20.

(a)	Cycle Time = 3.5 Months, No. of Cycle = 4
(b)	Cycle Time = 2.5 Months, No of Cycle = 5
(c)	Cycle Time = 2.4 Months, No of Cycle = 5
(d)	Cycle Time = 3.0 Months, No. of Cycle = 4

Showing 11 to 20 out of 23 Questions