What can be defined as a useful idle resource which has economic value – McqOptions

MCQOPTIONS

1.	What can be defined as a useful idle resource which has economic value eg; raw materials, spare parts, finished items, etc?
A.	Inventory Control
B.	Inventory
C.	Inventory Planning
D.	None of the above
Answer» C. Inventory Planning

Discussion

No Comment Found

Related MCQs

Who defined Operations Research as scientific method of providing executive departments with a quantitative basis for decisions regarding the operations under their control?
Who defined Operations Research as scientific approach to problem solving for executive management ?
Who defined Operations Research as an aid for the executive in marketing his decisions by providing him with the quantitative information based on the scientific method of analysis ?
Operations Research simply helps in improving the of the solution but does not result in a perfect solution.
There is a great scope for working as a team to solve problems of defence by using the Operations Research approach
Operations Research involves attack of complex problems to arrive at the optimum solution
models assumes that the values of the variables do not change with time during a particular period
models assumes that the values of the variables do not change with time during a particular period
Operations Research emphasizes on the overall approach to the system. This charecteristics of Operations Research is often referred as
Please state which statement is incorrect. (i) Linear programming was first formulated by an English economist L.V. Kantorovich (ii) LP is generally used in solving maximization or minimization problems subject to certain assumptions.