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Practice Exam RIF

Total questions: 73

Worksheet time: 37mins

Name
Class
Date
1.

Which of the following is most likely to be a role in a retail career?

a)

Buyer

b)

Mechanic

c)

Babysitter

d)

Therapist

2.

What are you demonstrating when you respond to a challenge with optimism, encouragement, and/or excitement?

a)

a negative attitude

b)

a positive attitude

c)

intelligence

d)

discipline

3.

What are people who purchase goods or services from a business called?

a)

Users

b)

Consumers

c)

Customers

d)

Clients

4.

What do you call a large facility that manufacturers send large quantities of product to be distributed to stores at a later time?

a)

Outlet

b)

Garage

c)

Distribution Center

d)

Retail Mall

5.

What does the “A” in SMART Goals Setting stand for?

a)

Able

b)

Accurate

c)

Achievable

d)

Accountable

6.

Who is responsible for the production of finished products?

a)

Buyer

b)

Distributor

c)

Seller

d)

Manufacturer

7.

Buys large quantities of product from manufacturers and sells them to retailers.

a)

Time-based

b)

Service seller

c)

Targeted

d)

Wholesaler

8.

What’s considered a retail service?

a)

Refrigerator delivery

b)

Refrigerator repair

c)

Car Wash

d)

Extended warranty on the refrigerator

9.

What do you call a poor reaction to an idea or situation?

a)

problem solving

b)

a positive attitude

c)

beneficial skill

d)

a negative attitude

10.

Which of the following skills are the most helpful for a salesperson?

a)

Spending the time needed with customers

b)

Quickness and accuracy

c)

Active listening and communication

d)

Knowing your customers backwards and forwards

11.

Customers of a popular shoe store chain purchase items in-store and online or via their mobile app. The customer also receives text and emails about current promotions and sales. This is an example of:

a)

Multichannel retailing

b)

Omnichannel retailing

c)

Mixed-channel retailing

d)

Alternate channel retailing

12.

How a person thinks or feels about something and how it’s reflected in their behavior is called what?

a)

will

b)

skill

c)

knowledge

d)

attitude

13.

What is the term used in retail to mean the period of time that an item remains usable, or fit for consumption?

a)

Expiration

b)

Shelf Life

c)

Inventory

d)

Life Cycle

14.

The term for distributing merchandise from the manufacturer to retail locations is called:

a)

Receiving

b)

Refreshing

c)

Updating

d)

Allocation

15.

What's the term for the number of units in each transaction?

a)

Units per person

b)

Units per cycle-time

c)

Units per transaction

d)

Units per customer

16.

Merchandise without an expiration date like electronics, tools and home goods typically has a longer:

a)

Runtime

b)

Conclusion

c)

End date

d)

Shelf life

17.

What contributes to a negative brand?

a)

Spending a little more time with customers

b)

Finding a way to go an extra step for the customer

c)

Inconsistent attributes and behaviors

d)

Knowing your customers backwards and forwards

18.

What can decrease customer satisfaction?

a)

Value for the dollar

b)

A clean, safe, and easy-to-shop location

c)

Long wait times at checkout

d)

A good assortment of products and services

19.

What is preventing injury and illness to customers and employees called?

a)

workplace policies

b)

workplace safety

c)

workplace procedures

d)

safe workers

20.

Which of the following is a good tip for connecting with customers in a retail store?

a)

Leave them to shop on their own

b)

Answer the phone and tell them you will be right with them

c)

Greet within 30 seconds of their arrival

d)

Encourage the customer to take their time

21.

Companies measure whether they're reaching sales goals using KPI's, also called:

a)

Key Professional Indices

b)

Key Performance Indicators

c)

Key Partnering Indicators

d)

Key Performance Initials

22.

Which of the following key performance indicators can be used to measure whether all employees in the company are reaching their sales goals?

a)

Number of sales per day

b)

Number of sales per employee

c)

Profit made per sale

d)

Overall company growth

23.

What is the measurement of how happy the customer is with their shopping experience called?

a)

Brand knowledge

b)

Product knowledge

c)

Merchandising knowledge

d)

Customer satisfaction

24.

In the customer loyalty life cycle, the customer has a want or need, then considers different purchasing options. What step comes next?

a)

Customer keeps shopping different places

b)

Customers likes or does not like the buying experience

c)

Customer chooses a buying option

d)

Customer purchases from the retailer again

25.

In the customer service process, it’s always important to greet the customer within:

a)

Whenever you see them

b)

5 minutes or so

c)

It’s ok not to greet

d)

30 seconds

26.

When you have key information about a company’s products and services and use it to help customers understand how these products and services will meet their needs, you have:

a)

Market information

b)

Customer intelligence

c)

Product knowledge

d)

Merchandising options

27.

A customer makes a purchase and their transaction total is $23.47. The customer pays with $40.00 in cash. How much change should they receive?

a)

$17.53

b)

$16.53

c)

$16.25

d)

$16.34

28.

Which of the following key performance indicators can be used to measure whether each store is meeting its sales goals?

a)

Number of sales per employee

b)

Number of sales per store location

c)

Profit made per sale

d)

Overall company growth

29.

The company’s goal is to earn $5 profit for every sale that’s made in the store. Which key performance indicator can be used to measure the results of this goal?

a)

Number of sales per day

b)

Profit made per sale

c)

Number of sales per employee

d)

Overall company growth

30.

When lifting, you should use what part of your body to do most of the lifting?

a)

Your back

b)

Your legs

c)

Your arms

d)

Your feet

31.

When planning for inventory, a company’s goal is to have:

a)

Demand that meets or equals supply

b)

More supply than demand

c)

Less supply than demand

d)

Supply that meets or equals demand

32.

What common events could result in inventory shrinkage?

a)

Customers bought more inventory than the retailer planned

b)

Retailer forgot to order products

c)

Retailer ordered too many products

d)

Product was stolen from the store

33.

A retailer completes a physical audit of the store’s inventory. The total inventory was $100,000. Accounting books say there should be $110,000 in inventory. What’s the amount of the inventory variation?

a)

$100,000 shortage

b)

$10,000 overage

c)

$10,000 shortage

d)

$100,000 overage

34.

Planners, checklist, large calendars, and computer applications are used with which time management skill?

a)

Recognize the problem

b)

Organize

c)

Focus

d)

Create

35.

Which functional area in a retail store usually ensures compliance with labor laws, recruits, and trains new employees, keeps records, processes payroll, and manages benefits and employee relations?

a)

Finance

b)

Human Resources

c)

Information Technology (IT)

d)

Visual Merchandising

36.

What information should you expect to enter on a job application?

a)

Age

b)

Year graduated from high school

c)

Names of family members

d)

Education

37.

According to the inventory life cycle, after a retailer receives products, what is the next step?

a)

the retailer prices products

b)

the customer shops the store

c)

the retailer displays products

d)

the retailer records what inventory is purchased

38.

What are QR codes?

a)

Technology used to electronically display digital images, video, web pages and text

b)

Software applications designed to run on small wireless devices such as smartphones, tablets or smartwatches

c)

A website that represents a retailer on the internet

d)

Specialized barcodes that contain product or store information

39.

What percent of customers will never do business with a company again after a negative experience?

a)

20%

b)

51%

c)

55%

d)

70%

40.

When should you greet a customer after you notice them enter your store?

a)

Within 15 seconds

b)

Within 1 minute

c)

Within 30 seconds

d)

Within 3 minutes

41.

What step takes place after “selling” in the retail product cycle?

a)

Allocation

b)

Distribution

c)

Selection

d)

Markdowns

42.

What role is located at a distribution center?

a)

Packer

b)

Picker

c)

Carton Handler

d)

All answers are correct

43.

What are product categories?

a)

The differences between products at fulfillment centers

b)

Customer preferences

c)

Types of merchandise and services that are organized together in groups

d)

Different sizes of products

44.

What is a corporation?

a)

A license that is granted to another entity to retail a company’s products or services in a particular area

b)

A business owned by shareholders through publicly traded stock

c)

A single store or small regional chain

d)

A privately-owned mom-and-pop store

45.

What is an example of customers receiving personalized coupons and discount offers based on past purchases?

a)

Data mining

b)

Multichannel retailing

c)

Web-based retailing

d)

Omnichannel retailing

46.

What is geotargeting?

a)

This uses a customer’s home address to predict their next purchase

b)

This uses a customer’s email to send targeted messaging

c)

This uses a customer’s home address to send direct mail

d)

This uses a customer’s location information such as a ZIP code or IP address to provide personalized offers

47.

What statement is true?

a)

Retail is the largest employer in the world

b)

Retail is the largest private employer in the U.S.

c)

Retail is the largest government employer in the U.S.

d)

Retail is the fifth largest employer in North America

48.

Whose responsibility is sustainability?

a)

Chief Executive Officer (CEO)

b)

Salesperson

c)

All employees

d)

Cleaning staff

49.

What is a key responsibility for an apprentice meat cutter at a grocery store?

a)

Assist customers at the meat counter

b)

Provide skin care and beauty consultations

c)

Safely cut fruits and vegetables

d)

Build stable pallets

50.

What is a task that a retail marketing role could oversee?

a)

Scanning items at the POS register

b)

Visual merchandising

c)

Loading cartons

d)

Organizing stockroom

51.

What does the “S” in SMART Goal Setting stand for?

a)

Strong

b)

Specific

c)

Structured

d)

Systematic

52.

What is recommending additional items that complement a customer’s purchase, such as shoe cleaner to go with new leather shoes, called?

a)

Mixed selling

b)

Upselling

c)

Cross-selling

d)

Opportunity selling

53.

What does the “R” in SMART Goal Setting stand for?

a)

Ready

b)

Ready-Oriented

c)

Results-Oriented

d)

Routine

54.

The repetitive cycle that occurs with retailers in regard to product assortment is called:

a)

Customer service

b)

The retail product cycle

c)

Clearance

d)

Telemarketing

55.

What term means the physical goods (that can be touched) than can be bought and sold?

a)

Retail

b)

Products

c)

Items

d)

Commerce

56.

When distribution team members use replenishment reports to retrieve quantities of items to be sent to stores they are:

a)

Packing

b)

Picking

c)

Sending

d)

Mixing

57.

What is an example of nonverbal communication?

a)

Correct spelling in a text message

b)

Words in an email

c)

Sighs made during a phone call

d)

Hand and body movements

58.

The customer’s current television breaks the week before the Super Bowl. The customer is supposed to have a Super Bowl party and needs a new TV for the game. Which phase of the customer life cycle does this example best represent?

a)

Phase 4 - The customer likes or doesn’t like their customer experience

b)

Phase 2 - Customer loyalty life cycle

c)

Phase 3 - Customer goes to the store to buy the item

d)

Phase 1 - Customer has a want/need

59.

Retailers use technology in stores and online to:

a)

Limit product selection

b)

Monitor all the places they are shopping

c)

Prevent customers from shopping

d)

Make tasks easier and faster to complete for employees and customers

60.

During the selling process, you assess the needs of the customer by asking questions that get the customers to provide details about what they want or need. The questions that are not answered with a “yes” or “no”.

a)

Fast questions

b)

Short questions

c)

Easy questions

d)

Open-ended questions

61.

When working on a ladder, what’s one thing you need to avoid in order to prevent falling?

a)

Facing the ladder as you climb up and down

b)

Accept there is a problem

c)

Having a peer hold the ladder while you’re climbing to make sure it’s stable

d)

Making sure the ladder is in its locked position before use

62.

In the problem solving process, which step comes after Define the Problem?

a)

Finish your shift

b)

Choose a Solution

c)

Take Action

d)

Come up with Solutions

63.

In the problem solving process, which step comes after Choose a Solution?

a)

Pick a Problem

b)

Define the Problem

c)

Identify Solutions

d)

Take Action

64.

In the problem solving process, which step comes after Come up with Solutions?

a)

Finish your shift

b)

Define the Problem

c)

Take Action

d)

Choose a Solution

65.

Which functional area in the retail store usually collects, stores, and processes data and information used in the checkout process as well as in inventory management, and data collection?

a)

Finance

b)

Information Technology (IT)

c)

Human Resources

d)

Visual Merchandising

66.

What is quality customer service?

a)

The usability, accuracy and performance of a retailer’s website and mobile app

b)

The help, information and recommendations that company representatives give to people who buy or explore products and/or services

c)

A brand promise is the way a company’s employees interact with each other and customers, while company culture is the impressions gathered by customers

d)

Delivering a positive, memorable experience that is more than what the customer expected

67.

Why do retailers use technology in stores and online?

a)

To identify and increase risks and liabilities

b)

To communicate with customers through in-person conversations

c)

To enhance or simplify their shopping experience and to find information

d)

To offer restricted payment options

68.

What are voice-activated ordering and retail chatbots?

a)

Examples of supply chain diversification

b)

Examples of artificial intelligence (AI)

c)

Examples of the Internet of Things (IOT)

d)

Examples of virtual learning

69.

What is product allocation?

a)

Distributing products to employees to place on store shelves

b)

Distributing merchandise from the manufacturer to a retailer’s store or distribution centers

c)

Returning products to the warehouse

d)

Filling a store’s supply as it runs low

70.

What part of the distribution center is associated with unloading incoming pallets of products from manufacturers?

a)

Logistics

b)

Picking

c)

Packing

d)

Inbound

71.

A retail business, owned by shareholders and having centralized decision-making for their multiple store locations is called:

a)

Private company

b)

Franchise

c)

Corporation

d)

Independent

72.

What is the most common type of shoplifter?

a)

Young teens

b)

Older adults

c)

Well-dressed individuals

d)

Anyone can be a shoplifter

73.

What is the term for taking a lower-priced item out of the package and replacing it with a higher-priced item?

a)

Pricing swaps

b)

Price swapping

c)

Package reduction

d)

Package switching