Section 12.1—quiz: Types Of Inventory

9 Questions | Total Attempts: 313

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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

  • 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.

  • 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.

  • 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

  • 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

  • 6. 
    Calculate the estimated ending inventory for: Dusting solution Beginning Estimated – 60 Purchases – 120 Issues – 150
    • A. 

      30

  • 7. 
    Calculate the estimated ending inventory for: Glass cleaner Beginning Estimated – 240 Purchases – 0 Issues – 180
    • A. 

      60

  • 8. 
    Calculate the estimated ending inventory for: Stain remover Beginning Estimated – 15 Purchases – 44 Issues – 10
    • A. 

      49

  • 9. 
    Calculate the estimated ending inventory for: Carpet shampoo Beginning Estimated – 25 Purchases – 8 Issues – 30
    • A. 

      3