1- Explain all of your answers. In those true or false questions explain when the answer is false 1. Which of the following are the advantages of centralized purchasing? a- Greater knowledge of the technical requirements of each and every department. b- Reduced investment in inventories. c- Capability of taking advantages of market changes d- Greater control can be exercised. 2. Special indents are placed when the ordering level for different items of stocks are reached a- True b- False 3. Which of the following are the objectives of store keeping? a- b- c- d- to provide maximum service at minimum cost to keep the record to co-ordinate with materials control to facilitate perpetual inventory 4. The storage and usage of materials is called inventory control a- True b- False 5. Which of the following departments is generally responsible for inventory management: a- Stores Department b- Purchase Department c- Finance Department d- Sale Department 6. Economic ordering quantity is an essential element of min-max plan. a- True b- False 7. ABC analysis is aimed at selection control of materials a- True