Advantage of both centralized buying and storage of having stock conveniently available at several issuing points are possible in……………. system of stores organization.

Related MCQs

• The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.
• …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.
• …………………stores organization is adopted to store all the goods at centrally located at on place.
• The …………………………will in all his activities carry out the policy of his organization with regard o buying
• If WIP opening stock is 10,000 units, work done in the period is 13,000 and WIP closing stock is 5,000 units. The equivalent completed unit during the period is:
• ‘Buffer stock’ is the level of stock
• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• Proper classification and codification of various items in stores is essential for efficient…………….. .
• ……………….formsthe basis of entries to the stores ledger.
• …………………..is the organisational head of the stores department.