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

Pharm Tech Chapter 13 (Inventory Management)

- Inventory Management, - Inventory Systems, - Computers And nventory, - Ordering, - Stocking And Storing

Questions: 42 | Attempts: 1913 | Last updated: Sep 1, 2023

Sample Question
A system that allows purchase of any medication that is prescribed.

Automated dispensing system

Closed formulary

Inventory

Open formulary

Business Quiz: Inventory Management- II

This Business Quiz: Inventory Management-II assesses understanding of stockkeeping units, economic order quantities, and safety stock. It explores how inventory costs are influenced by order quantities, ideal for learners in...

Questions: 10 | Attempts: 358 | Last updated: Oct 1, 2024

Sample Question
Which of the following statements best describes stockkeeping units?

Sodas in a 6-pack and 12-pack are the same SKU because the cans are the same SKU

White shirts of different sizes but in the same size box are the same SKU

Wires of different gauges that are stocked in reels are the same SKU

Two white shirts in the same inventory but of different sizes or styles would be different SKUs

Inventory Valuation

This Inventory Valuation quiz assesses knowledge on various inventory accounting methods and their impacts on financial statements. It covers FIFO, perpetual inventory systems, and profit calculations, essential for professionals...

Questions: 65 | Attempts: 519 | Last updated: Mar 21, 2023

Sample Question
If Average Stock = Rs 12,000. Closing stock is Rs 3,000 more than opening stock then the value of closing stock will be

Rs 12,000

Rs 24,000

Rs 10,500

Rs 13,500

Operations - Logistics Inbound

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: 166 | Last updated: Aug 13, 2024

Sample Question
True or False. The next step upon receiving goods is to check against suppliers invoice for piece count and damages.

True

False

True Or False Quiz Inventory Costing Methods Under A Perpetual Inventory System

True or False Quiz Inventory Costing Methods under a Perpetual Inventory System

Questions: 5 | Attempts: 1445 | Last updated: Mar 21, 2023

Sample Question
Using fifo, costs are included in the merchandise sold in the order in which they were incurred

False

True

Recent Quizzes

Big Five Inventory (Bfi) Short

Big Five Inventory (BFI) SHORT

Questions: 10 | Attempts: 110 | Last updated: Mar 15, 2024

Sample Question
I see myself as:Extraverted, enthusiastic.

Disagree strongly

Disagree moderately

Disagree a little

Advanced Tools In Gis_book 3

Advanced Tools in GIS_Book 3

Managing Geospatial data, Querying Data, Symbolizing Data, Creating Data, Building Local Inventory Data

Questions: 64 | Attempts: 146 | Last updated: Aug 9, 2024

Sample Question
An ArcMap file that contains data frames, layouts, scripts, and sometimes charts is called a

Cartographic file

Map Document

Projection

Selection

Finance And IT Inventory Adjustment

Finance and IT Inventory Adjustment

This quiz ensures that employees are aware of the processes and responsibilities with regards to Inventory Adjustments.

Questions: 12 | Attempts: 112 | Last updated: Mar 20, 2024

Sample Question
True or False: The Production Manager submits a copy of the non conforming product listing/inventory adjustments form to I/C clerk (accounts) in order for verification of transaction to take place

True

False

Business Quiz: Inventory Management

Questions: 10 | Attempts: 504 | Last updated: Mar 21, 2023

Sample Question
Which of the following statements is most accurate about inventory management?

Inventories and production must be managed together

Inventory is not important at the production planning level

Inventories are usually insignificant on the balance sheet

Inventory does not cost much to carry

Inventory Control And Distr. Review

Inventory control and distr. review

Questions: 20 | Attempts: 256 | Last updated: Mar 20, 2023

Sample Question
Which of the following is not an element of a distribution system?

Purchasing

Receiving

Storage

Patient charging

Foundation P&s - Inventory Mgmt

Foundation P&S - Inventory Mgmt

Understanding of Foundation process in Inventory Mgmt.

Questions: 21 | Attempts: 84 | Last updated: Nov 8, 2023

Sample Question
Which country are you based in?

China

India

Indonesia

Philippines

Korea

Japan

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Inventory Quizzes, Questions & Answers

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