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Unformatted text preview: 2002/2003 11/1/2003 / / .. ( ) : ) : ( ) ( ) -: 7.5 ( 1. ( ) The Major Objective of inventory Management is to discover and Maintain the Optimum level of investment in the inventory. 2. ( ) The optimum inventory level is that which maximizes all costs associated with inventory. 3. ( ) The two main questions in inventory control are how much to Order at a time and what to order. 4. ( ) Sales budget forms the foundation for profit planning. 5. ( ) Inventory planning and control are an essential part of a budgeting System. . ( ) 6 . . ( ) 7 . . ( ) 8 . . ( ) 9 . . ( ) 10 . . ( ) 11 . . ( ) 12 . FIFO . ( ) 13 . ) ( ) ABC ( . ( ) 14 . . ( ) 15 . : ) ( ) 11 ( ) 1-: ( Differential Costs Sunk Costs 1 . / /...
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- Spring '10