What is the first step in maintaining inventory levels? Options: Organizing inventory counts, Analyzing sales trends, Creating a purchase order, Establishing a reorder point

Business Admin Ops (1)

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Business
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9th - 12th Grade
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Hard
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20 questions
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1.
FLASHCARD QUESTION
Front
Back
Establishing a reorder point
Answer explanation
2.
FLASHCARD QUESTION
Front
Which of the following is a characteristic of efficient supply chain management? Excessive product storage, Just-in-time delivery, Irregular scheduling, Random stock replenishment
Back
Just-in-time delivery
Answer explanation
3.
FLASHCARD QUESTION
Front
What is the purpose of a preventive maintenance schedule for equipment?
Back
To ensure equipment operates efficiently
Answer explanation
4.
FLASHCARD QUESTION
Front
Which document is typically used to track the movement of goods within a business? Options: Sales invoice, Inventory transfer form, Purchase agreement, Delivery receipt
Back
Inventory transfer form
Answer explanation
5.
FLASHCARD QUESTION
Front
Why is it important for businesses to comply with health and safety regulations?
Back
To reduce workplace accidents
Answer explanation
6.
FLASHCARD QUESTION
Front
What is the primary purpose of quality control in operations?
Back
Enhancing product consistency
Answer explanation
7.
FLASHCARD QUESTION
Front
What is the function of a reorder point in inventory management?
Back
To signal when to restock products
Answer explanation
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