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

Questions: 5  |  Attempts: 1393   |  Last updated: Mar 21, 2023
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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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- Inventory Management, - Inventory Systems, - Computers And nventory, - Ordering, - Stocking And Storing

Questions: 42  |  Attempts: 1745   |  Last updated: Sep 1, 2023
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    A system that allows purchase of any medication that is prescribed.
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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: 1402   |  Last updated: Dec 6, 2022
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    The most important factor to consider when establishing linen pars is:
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Questions: 65  |  Attempts: 439   |  Last updated: Mar 21, 2023
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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: 20  |  Attempts: 226   |  Last updated: Mar 20, 2023
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    Which of the following is not an element of a distribution system?
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