Business Quiz: Types Of Inventory

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

Explanation

60+120-150=30

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About This Quiz
Business Quiz: Types Of Inventory - Quiz

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.

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

Explanation

240-180=60

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

Explanation

15+44-10=49

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

Explanation

25+8-30=3

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

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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6. Which of the following statements is true?

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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7. 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:

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

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

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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Calculate the estimated ending inventory for: Dusting solution ...
Calculate the estimated ending inventory for: Glass cleaner ...
Calculate the estimated ending inventory for: Stain remover ...
Calculate the estimated ending inventory for: Carpet shampoo ...
Which of the following would not be considered part of recycled...
Which of the following statements is true?
In regard to non-recycled inventories maintained by the housekeeping...
Which of the following would not be considered part of non-recycled...
Which of the following does not limit the maximum quantity of...
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