
Purchasing Week 6
Quiz
•
Fun
•
Professional Development
•
Practice Problem
•
Hard
Nicole Chuchmach
Used 2+ times
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8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
The principles of inventory management are the same, regardless of the size of your operation
True
False
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
When reviewing an invoice, employees should check for:
Quality
Quantity
Price
All of the answers are correct
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
An invoice should be verified against the purchase order
True
False
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A running balance of what is on hand
Periodic Inventory
Weighted Average
Perpetual Inventory
Par Stock
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The amount of stock used within a given time period
Depletion
Usage
Sitting Inventory
Catch Weight
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Meats, seafood, perishable items
FIFO
LIFO
Catch Weight
Usage
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Minimum amount of inventory
Par Stock
FIFO
LIFO
Weighted Total
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