
Inventory Management quizz
Quiz
•
Social Studies
•
University
•
Practice Problem
•
Easy
Phuong Anh Vu
Used 1+ times
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10 questions
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1.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Inventory that is kept to fulfill regular demand is called ______ stock.
Example: A grocery store maintaining a steady supply of milk and bread to meet daily customer purchases.
2.
FILL IN THE BLANK QUESTION
1 min • 1 pt
To balance production levels and address fluctuating demand, companies use ______ inventory.
Example: A car manufacturer maintaining a steady inventory of steel parts to avoid production delays during periods of uneven supplier delivery schedules.
3.
FILL IN THE BLANK QUESTION
1 min • 1 pt
______ stock is maintained as a buffer against unexpected demand or supply chain disruptions.
Example: An electronics retailer keeps extra laptops in stock during the holiday season in case suppliers delay shipments.
4.
FILL IN THE BLANK QUESTION
1 min • 1 pt
Inventory that is in transit between locations, such as warehouses or stores, is referred to as ______ inventory.
Example: A clothing retailer’s shipment of new winter jackets on a truck traveling from the manufacturer to a distribution center.
5.
FILL IN THE BLANK QUESTION
1 min • 1 pt
When a company holds inventory to protect against potential price changes or market risks, it is called ______ inventory.
Example: A coffee distributor buying and storing extra coffee beans due to forecasts of a poor harvest that may drive prices up.
6.
FILL IN THE BLANK QUESTION
1 min • 1 pt
To prepare for a predictable increase in demand, companies often maintain ______ inventory.
Example: A toy manufacturer increasing production and stock of popular toys in preparation for the Christmas shopping season.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The cost and value of inventory decrease as materials move down the supply chain.
True
False
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