Search Header Logo

Inventory Management quizz

Authored by Phuong Anh Vu

Social Studies

University

Used 1+ times

Inventory Management quizz
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

10 questions

Show all answers

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?