Inventory Management Quiz

Inventory Management Quiz

University

40 Qs

quiz-placeholder

Similar activities

Bài Thi ĐỐ EM KHỐI 12 - Vòng  loại

Bài Thi ĐỐ EM KHỐI 12 - Vòng loại

12th Grade - University

40 Qs

CFAS - Conceptual Framework

CFAS - Conceptual Framework

University

35 Qs

Infertility and Menstruation Disorders- Yero

Infertility and Menstruation Disorders- Yero

University

40 Qs

MultiModa and Freight Forwarding

MultiModa and Freight Forwarding

University

40 Qs

PAS NOV. 2024 BAH. INDONESIA KLS 10

PAS NOV. 2024 BAH. INDONESIA KLS 10

10th Grade - University

35 Qs

CHP 3 & CHP 4: COST & PRODUCTION, MARKET STRUCTURE

CHP 3 & CHP 4: COST & PRODUCTION, MARKET STRUCTURE

University

42 Qs

LearnTube  Digital Marketing Quiz 17/3/23

LearnTube Digital Marketing Quiz 17/3/23

University

36 Qs

Inventory Management Quiz

Inventory Management Quiz

Assessment

Quiz

Other

University

Practice Problem

Hard

Created by

A K

Used 1+ times

FREE Resource

AI

Enhance your content in a minute

Add similar questions
Adjust reading levels
Convert to real-world scenario
Translate activity
More...

40 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When merchandise is shipped FOB shipping point, the title transfers to the buyer when:

The merchandise arrives at the buyer’s location

The merchandise leaves the seller’s premises

The buyer pays for the merchandise

The buyer inspects the merchandise

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Under FOB destination, who is responsible for the shipping costs?

The buyer

The seller

The shipping company

The insurance provider

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best defines consigned goods?

Goods held for sale that are owned by the holder

Goods held for sale by one party, but owned by another party

Goods that have been shipped FOB destination

Goods that are damaged or unsellable

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The consignor is the party that:

Holds goods for sale but doesn’t own them

Owns the goods and entrusts them to another party for sale

Pays for consignment insurance

Manufactures the goods being sold

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The consignee is the party that:

Purchases consigned goods

Owns consigned goods

Holds consigned goods for sale but doesn’t own them

Pays for freight on consigned goods

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The specific identification method is most appropriate when:

Inventory consists of bulk items like grains or liquids

Inventory items are interchangeable

Inventory consists of unique, high-value items

Inventory is sold at a consistent price

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following would most likely use the specific identification method?

Grocery stores

Jewelry stores

Clothing retailers

Hardware stores

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?