Business Quiz: Types Of Inventory

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Inventory Quizzes & Trivia

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 and Answers
  • 1. 

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

    • A.

      Room attendant carts

    • B.

      Cleaning supplies

    • C.

      Vacuum cleaners

    • D.

      Ironing boards

    Correct Answer
    B. Cleaning supplies
    Explanation
    The housekeeping department maintains recycled inventories that are used in the daily operations of maintaining cleanliness and order in the hotel. Room attendant carts are used to transport cleaning supplies and equipment, vacuum cleaners are used for cleaning carpets and floors, and ironing boards are used for guest laundry services. However, cleaning supplies themselves are not considered part of the recycled inventories as they are consumable items that need to be regularly replenished.

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  • 2. 

    In regard to non-recycled inventories maintained by the housekeeping department, the greatest number of purchase units that should be in stock at any one time is called:

    • A.

      The lead-time quantity.

    • B.

      The par level.

    • C.

      The minimum quantity.

    • D.

      The maximum quantity.

    Correct Answer
    D. The maximum quantity.
    Explanation
    The maximum quantity refers to the highest number of purchase units that should be in stock at any given time for non-recycled inventories. This ensures that there is enough inventory available to meet the demands of the housekeeping department without exceeding the necessary levels. The maximum quantity helps in preventing overstocking and unnecessary costs while ensuring that there is an adequate supply of inventory when needed.

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  • 3. 

    Which of the following statements is true?

    • A.

      A par is equal to one purchase unit.

    • B.

      A par indicates the highest number of purchase units that should be in stock at any given time.

    • C.

      A par indicates the lowest number of purchase units that should be in stock at any given time.

    • D.

      A par is the standard number of items that must be on hand to support daily, routine housekeeping operations.

    Correct Answer
    D. A par is the standard number of items that must be on hand to support daily, routine housekeeping operations.
    Explanation
    A par is the standard number of items that must be on hand to support daily, routine housekeeping operations. This means that the par level represents the minimum quantity of items that should be in stock at any given time to ensure smooth operations and meet customer demands. It helps in maintaining adequate inventory levels and avoiding stockouts or excess inventory.

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  • 4. 

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

    • A.

      Cleaning supplies

    • B.

      Guest amenities

    • C.

      Ironing boards

    • D.

      Bath soap

    Correct Answer
    C. Ironing boards
    Explanation
    Ironing boards would not be considered part of non-recycled inventories maintained by the housekeeping department because they are not consumable items that need to be regularly replenished. Cleaning supplies, guest amenities, and bath soap are all items that are used up and need to be replaced, whereas ironing boards are durable goods that do not need to be regularly restocked.

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  • 5. 

    Which of the following does not limit the maximum quantity of non-recycled items in inventories maintained by the housekeeping department?

    • A.

      Storage space

    • B.

      Cash resources

    • C.

      Product usage patterns

    • D.

      Shelf-life of products

    Correct Answer
    C. Product usage patterns
    Explanation
    Product usage patterns do not limit the maximum quantity of non-recycled items in inventories maintained by the housekeeping department. This means that the quantity of non-recycled items in inventories is not determined or restricted by how often or how much the products are used. Other factors such as storage space, cash resources, and shelf-life of products can affect the maximum quantity of non-recycled items in inventories, but not product usage patterns.

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  • 6. 

    Calculate the estimated ending inventory for: Dusting solution Beginning Estimated – 60 Purchases – 120 Issues – 150

    • A.

      30

    Correct Answer
    A. 30
    Explanation
    60+120-150=30

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  • 7. 

    Calculate the estimated ending inventory for: Glass cleaner Beginning Estimated – 240 Purchases – 0 Issues – 180

    • A.

      60

    Correct Answer
    A. 60
    Explanation
    240-180=60

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  • 8. 

    Calculate the estimated ending inventory for: Stain remover Beginning Estimated – 15 Purchases – 44 Issues – 10

    • A.

      49

    Correct Answer
    A. 49
    Explanation
    15+44-10=49

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  • 9. 

    Calculate the estimated ending inventory for: Carpet shampoo Beginning Estimated – 25 Purchases – 8 Issues – 30

    • A.

      3

    Correct Answer
    A. 3
    Explanation
    25+8-30=3

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