Inventory Quizzes, Questions & Answers

It lines the shelves of stores and warehouses. It is inventory, which refers to the goods and materials that a business holds for the purpose of selling. Determining inventory is one of the most difficult aspects of maintaining a business. One has to determine how much inventory to hold based on how much of something he/she thinks people will want to buy.

Hold too much of something and money is wasted. Hold too little and one has lost potential money for their business. Do you think you know how to maintain inventory? Could you determine how much a business should initially buy of a good? How often should goods be reordered? When should a good no longer be reordered? Test your ability at maintaining goods with these quizzes on inventory.

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Pharm Tech Chapter 13 (Inventory Management)

- Inventory Management, - Inventory Systems, - Computers And nventory, - Ordering, - Stocking And Storing

Questions: 42 | Attempts: 1767 | Last updated: Sep 1, 2023

Sample Question
A system that allows purchase of any medication that is prescribed.

Automated dispensing system

Closed formulary

Inventory

Open formulary

True Or False Quiz Inventory Costing Methods Under A Perpetual Inventory System

True or False Quiz Inventory Costing Methods under a Perpetual Inventory System

Questions: 5 | Attempts: 1403 | Last updated: Mar 21, 2023

Sample Question
Using fifo, costs are included in the merchandise sold in the order in which they were incurred

False

True

Section 12.3—quiz: Linen Inventory And Control

House keeping in the hotel industry is most important and necessary because no one wants to be in charge of a filthy establishment. To gauge your knowledge on Linen inventory and control take this quiz.

Questions: 8 | Attempts: 1406 | Last updated: Dec 6, 2022

Sample Question
The most important factor to consider when establishing linen pars is:

Monthly linen losses.

Emergency reserve stock.

The hotel’s laundry cycle.

Linen usage rates.

Inventory Valuation

Questions: 65 | Attempts: 449 | Last updated: Mar 21, 2023

Sample Question
If Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock then the value of closing stock will be

Rs 12,000

Rs 24,000

Rs 10,500

Rs 13,500

Inventory Methods

Multiple Choice Quiz Inventory Methods

Questions: 5 | Attempts: 502 | Last updated: Mar 21, 2023

Sample Question
The inventory costing method that is based on the assumption that cost should be charged against revenue in the order in which they were incurred.

Fifo

Lifo

Average cost

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Big Five Inventory (Bfi) Short

Big Five Inventory (BFI) SHORT

Questions: 10 | Attempts: 110 | Last updated: Mar 15, 2024

Sample Question
I see myself as:Extraverted, enthusiastic.

Disagree strongly

Disagree moderately

Disagree a little

Finance And IT Inventory Adjustment

Finance and IT Inventory Adjustment

This quiz ensures that employees are aware of the processes and responsibilities with regards to Inventory Adjustments.

Questions: 12 | Attempts: 112 | Last updated: Mar 20, 2024

Sample Question
True or False: The Production Manager submits a copy of the non conforming product listing/inventory adjustments form to I/C clerk (accounts) in order for verification of transaction to take place

True

False

Business Quiz: Inventory Management- II

Questions: 10 | Attempts: 331 | Last updated: Mar 19, 2023

Sample Question
Which of the following statements best describes stockkeeping units?

Sodas in a 6-pack and 12-pack are the same SKU because the cans are the same SKU

White shirts of different sizes but in the same size box are the same SKU

Wires of different gauges that are stocked in reels are the same SKU

Two white shirts in the same inventory but of different sizes or styles would be different SKUs

Business Quiz: Inventory Management

Questions: 10 | Attempts: 500 | Last updated: Mar 21, 2023

Sample Question
Which of the following statements is most accurate about inventory management?

Inventories and production must be managed together

Inventory is not important at the production planning level

Inventories are usually insignificant on the balance sheet

Inventory does not cost much to carry

Inventory Control And Distr. Review

Inventory control and distr. review

Questions: 20 | Attempts: 226 | Last updated: Mar 20, 2023

Sample Question
Which of the following is not an element of a distribution system?

Purchasing

Receiving

Storage

Patient charging

Foundation P&s - Inventory Mgmt

Foundation P&S - Inventory Mgmt

Understanding of Foundation process in Inventory Mgmt.

Questions: 21 | Attempts: 84 | Last updated: Nov 8, 2023

Sample Question
Which country are you based in?

China

India

Indonesia

Philippines

Korea

Japan

Business Quiz: Types Of Inventory

Business Quiz: Types of Inventory

In the world of business, some types of goods that are sold will require storage in warehouses or stores. Figure out how many types of inventory there are and all the necessary information by taking this quiz.

Questions: 9 | Attempts: 526 | Last updated: Mar 22, 2022

Sample Question
Which of the following would not be considered part of recycled inventories maintained by the housekeeping department?

Room attendant carts

Cleaning supplies

Vacuum cleaners

Ironing boards

Inventory Quizzes, Questions & Answers

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