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Purchasing Inventory Quiz Review

Authored by Christine Balint

Life Skills

10th Grade

Used 21+ times

Purchasing Inventory Quiz Review
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Items that should appear on an inventory tracking system include:

Capital Assets, Consumable Supplies, Employee Schedules

Capital Assets, Consumable Supplies, Items for Resale

Capital Assets, Employee Schedules, Items for Resale

Consumable Supplies, Employee Schedules, Items for Resale

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which factor is not the highest priority when considering a vendor to do a supply inventory with?

Price/Quality

Shipping Timeline

Quality of Facility

Supplier's Reputation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Describe safety stock

Inventory needed while you wait for a next shipment

Retained products to help against shortages/fluctuation in demand

Tools that help employees stock without injury

Regular production consumption of materials based on need

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of inventory tracking tool is this?

Work Order

Sales Order

Bill of Materials

Receipt

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of inventory tracking tool is this?

Work Order

Sales Order

Bill of Materials

Receipt

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of inventory tracking tool is this?

Work Order

Sales Order

Bill of Materials

Receipt

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Use this equation to calculate inventory to sales ratio. Inventory Balance: $2,390 -- Monthly Sales: $54,210

0.04

22.68

2.27

0.44

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