Production and procurement management

Question 1 of 10

Inventory control aims to

A. keep the right level of stock at the lowest cost B. hold as much stock as possible C. avoid stock entirely D. sell stock below cost

Question 2 of 10

Capacity utilisation of a factory producing 8,000 units with capacity 10,000 is

A. 80% B. 20% C. 125% D. 8%

Question 3 of 10

Procurement is the process of

A. acquiring goods and services for an organisation B. selling products C. hiring staff D. paying taxes

Question 4 of 10

Just-in-time inventory is risky when

A. suppliers are unreliable B. demand is stable C. storage is costly D. quality is high

Question 5 of 10

Productivity is increased by

A. better training and technology B. more absenteeism C. poor equipment D. longer breaks only

Question 6 of 10

Total quality management (TQM) involves

A. everyone in the organisation being responsible for quality B. only inspectors checking quality C. ignoring customers D. producing more regardless

Question 7 of 10

Producing goods continuously in very large quantities is

A. job production B. mass (flow) production C. batch production D. craft production

Question 8 of 10

Public procurement in Ghana is regulated by the

A. Public Procurement Authority B. Ghana Revenue Authority C. Electoral Commission D. Ghana Ports and Harbours Authority

Question 9 of 10

Keeping stock as low as possible by receiving materials only when needed is

A. just-in-time inventory B. bulk buying C. hoarding D. safety stock

Question 10 of 10

Procurement management is concerned with

A. hiring staff B. selling to customers C. obtaining goods and services at the right quality, quantity, price and time D. auditing accounts

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New set of questions

Questions written by OtisamLMS in the style of the WASSCE. They are not WAEC past questions.

Past questions, worked solutions and curriculum-mapped study material for JHS and SHS students and teachers in Ghana.

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