Cluster G Assessment Quiz

How does a periodic inventory system differ from a perpetual inventory system?

• Periodic inventory counts stock at intervals, while perpetual updates with every transaction

• Periodic inventory provides real-time stock levels

• Perpetual inventory only tracks expensive items

• Both systems update inventory levels annually

If you notice an item is low in stock during a routine check, what should you do next?

• Discard all low-stock items

• Wait until it's completely out of stock

• Place a reorder to replenish stock

• Move the item to a different storage area

Which action would you take to prevent expired items from being issued?

• Store items with the latest expiration dates at the front

• Use a First-In, First-Out (FIFO) method

• Issue items randomly to keep stock balanced

• Wait until items reach their expiration before issuing

What is the effect of a well-organized stockroom on stock issuance processes?

• It increases efficiency and reduces errors in issuing items

• It reduces the need for inventory checks

• It lowers the number of staff needed for issuing

• It eliminates the need for labeling

What is the difference between consumable and non-consumable stock items?

• Non-consumables are easier to stock

• Non-consumables have expiration dates, consumables do not

• Consumables are stored for longer periods

• Consumables are used up and need replenishment, non-consumables are durable and reusable

Which stock management strategy is more effective for a business with high turnover of goods?

• Just-in-Time (JIT) inventory

• Annual stock replenishment

• Keeping excess stock at all times

• Issuing items based on demand only

Imagine you are setting up a new stockroom. What key elements would you prioritize in the layout?

• Placing high-demand items randomly for variety

• Maximizing space with minimal organization

• Clear labeling, defined zones, and efficient pathways for easy access

• Positioning similar items far apart for balance

Propose a system to track high-value stock items securely.

• Use secure storage areas, track with RFID tags, and log all access

• Simply lock high-value items in a separate room

• Rely on periodic inventory counts to track them

• Trust that staff will only issue high-value items when needed

What is the primary function of a reminder system?

• To facilitate user communication

• To store user data securely

• To track user location

• To alert users about tasks or events at specific times

Which element is essential for setting up a reminder in most systems?

• Date and time

• User's phone number

• User's physical location

• Contact list of other users