
AICE Business 4.3 Inventory Management
Authored by HGHS FBLA
Business
9th - 12th Grade
Used 10+ times

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11 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the correct order in which a raw resource goes from inout to output?
Output, input, transformation
Work in progress, raw materials, finished product
Raw materials, work in progress, finished product
Finished product , raw material, work in progress
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
hat is the process of turning inputs into outputs?
Metamorphosis
Transformation
Reveal
Transmutation
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What's another word for Inventory?
Merchandise
Stuff
Stock
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Inventory held in case of unforeseen circumstances; for example holding extra raw materials in case of a disruption, business wi=ould still be able to produce.
Buffer Inventory
Just In Case Inventory
Insurance Inventory
SOS Inventory
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one downside to holding Inventory
Expired Inventory
If an Emergency disrupts your suppliers
Increase in customer demand
guarding against Inflation
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is one benefit of holding inventory?
Cost of space
Transportation
Keeping up with demand
Storage maintanance
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of an inventory control chart?
Show the level of inventory held over time
shows the level of outstanding orders
shows how many clients you have
shows the time it takes to transform a product
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