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Inventory Quizzes & Trivia

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. 
Top Trending Quizzes

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

Questions: 42  |  Attempts: 1499   |  Last updated: Mar 21, 2022
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    A system that allows purchase of any medication that is prescribed.
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Questions: 65  |  Attempts: 321   |  Last updated: Mar 21, 2022
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    If Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock then the value of closing stock will be
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Questions: 10  |  Attempts: 106   |  Last updated: Mar 19, 2022
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    I see myself as:Extraverted, enthusiastic.  
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True or False Quiz Inventory Costing Methods under a Perpetual Inventory System

Questions: 5  |  Attempts: 1270   |  Last updated: Mar 21, 2022
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    Using fifo, costs are included in the merchandise sold in the order in which they were incurred
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Multiple Choice Quiz Inventory Methods

Questions: 5  |  Attempts: 452   |  Last updated: Mar 21, 2022
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    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.
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