Inventory Management Quiz

What does a "Point-of-Sale (POS) System" include?

• Barcode scanners, registers, and card readers.

• Only barcode scanners.

• Only registers.

• Only card readers.

What activity occurs when associates help customers shop inventory?

• Personalized customer service

• Inventory tagging

• Inventory shipment

• Inventory pricing

What can disrupt the store inventory life cycle when inventory arrives at the store?

• Inventory arrives in perfect condition

• Inventory arrives broken or damaged

• Inventory arrives with extra items

• Inventory arrives early

What do most retailers have in place to maintain inventory data integrity?

• No processes

• Inventory Management Systems

• Random checks

• Customer surveys

Why is handling merchandise returns important?

• It increases the number of sales

• It ensures correct accounting for all product returns and exchanges

• It reduces the need for customer service

• It allows for more advertising opportunities

What is an example of an item tracked in a perpetual inventory system?

• Blue beach towels

• Red beach balls

• Green umbrellas

• All Items

What is compared in a periodic inventory system?

• The total value of inventory and sales

• The total value of inventory and purchases

• The total value of inventory and the inventory value from the beginning of the period

• Total cost of inventory

Which system is more likely to use technology for tracking inventory?

• Periodic Inventory

• Perpetual Inventory

• Manual Inventory

• Annual Inventory

Why might items need to be recounted during inventory?

• They are too small

• They have more inventory in stock than expected

• They are not labeled

• They are on sale

What is a consideration when counting in a perishable grocery department?

• Counting items in dozens

• Expiration date

• Counting items in liters

• Counting items in boxes