Q1 On inventory control and salvage, select the most suitable expression from the followings.
(1) Inventory means the stock in A before you deliver to customer as a product.
(2) From finance point of view, inventory is kept in the form of B. In order to do that, money will be collected in the form of C or net asset.
(3) Inventory Control means a function of planning and controlling in order to prevent a loss in sales opportunity as a business entity by operating business in D distribution at each level of manufacturing, logistics and marketing
(4) Bear in mind that "Inventory = Capital" and "in order to obtain capital, interest has to be paid". While preventing loss of opportunity due to goods shortage, it is necessary to make an effort in reducing E.
(5) SCM means maximum realization of F for consumers by appropriate management of goods, money and information (supply chain).
(6) Salvage means G as a result of discarding of process waste and disposal of goods which business units are generating.
Selective Group
1.MONETARY INCOME
2.LIABILITY
3.PURCHASE PAYABLES
4.ASSETS
5.VALUE
6.ORDER REPLACEMENT
7.INVENTORY
8.OPTIMIZED
9.ALL KIND OF PROCESS
10.ACCOUNT RECEIVABLE