Whole Life Asset Management Recap Week 3

Whole Life Asset Management Recap Week 3

Professional Development

10 Qs

quiz-placeholder

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Whole Life Asset Management Recap Week 3

Whole Life Asset Management Recap Week 3

Assessment

Quiz

Other

Professional Development

Medium

Created by

Helen Stone

Used 1+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Opening Stock is...

inventory held as physical stock or value items at the beginning of an accounting period

Opening stock is the inventory held at the end of an accounting period

Opening stock refers to the total sales made at the beginning of an accounting period

Opening stock is the amount of cash available at the start of a financial year

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Closing Stock is...

the inventory held at the beginning of an accounting period

refers to the total revenue generated at the end of a financial year

inventory held at the end of the period under consideration

the amount of debt owed by the company at the end of the period

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Obsolete Stock is Excessive/ Surplus and/or Unnecessary Stock

True

False

Answer explanation

Obsolete

No longer used or practiced; outmoded/ out of date / falling into disuse.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Redundant Stock is no longer used or practiced; outmoded/ out of date / falling into disuse.

True

False

Answer explanation

Redundant

Excessive/ Surplus and/or Unnecessary

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Based on the Pareto principle...

20% of the stock value will be held in 80% of the items

80% of the stock value will be held in 20% of the items

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is this?

Skid

Slide

Pallet

Slat

Answer explanation

Media Image

Skid

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What is this?

Ramp

Weighbridge

Skid

Trolley

Answer explanation

Media Image

Weighbridge

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