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Inventory Quizzes, Questions & Answers

It lines the shelves of stores and warehouses. It is inventory, which refers to the goods and materials that a business holds for the purpose of selling. Determining inventory is one of the most difficult aspects of maintaining a business. One has to determine how much inventory to hold based on how much of something he/she thinks people will want to buy.
 
Hold too much of something and money is wasted. Hold too little and one has lost potential money for their business. Do you think you know how to maintain inventory? Could you determine how much a business should initially buy of a good? How often should goods be reordered? When should a good no longer be reordered? Test your ability at maintaining goods with these quizzes on inventory. 

Top Trending Quizzes



Questions: 65  |  Attempts: 505   |  Last updated: Mar 21, 2023
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    If Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock then the value of closing stock will be
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- Inventory Management, - Inventory Systems, - Computers And nventory, - Ordering, - Stocking And Storing

Questions: 42  |  Attempts: 1832   |  Last updated: Sep 1, 2023
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    A system that allows purchase of any medication that is prescribed.
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True or False Quiz Inventory Costing Methods under a Perpetual Inventory System

Questions: 5  |  Attempts: 1441   |  Last updated: Mar 21, 2023
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    Using fifo, costs are included in the merchandise sold in the order in which they were incurred
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House keeping in the hotel industry is most important and necessary because no one wants to be in charge of a filthy establishment. To gauge your knowledge on Linen inventory and control take this quiz.

Questions: 8  |  Attempts: 1423   |  Last updated: Dec 6, 2022
  • Sample Question
    The most important factor to consider when establishing linen pars is:
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This quiz ensures that the Production Manager/Controller/Inventory Manager understand and are aware of all processes and responsibilities pertaining to Logistics Inbound.

Questions: 10  |  Attempts: 158   |  Last updated: Aug 13, 2024
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    True or False. The next step upon receiving goods is to check against suppliers invoice for piece count and damages.
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