Chapter 24 Quiz

Question 1

Pigs are not indigenous to North America. This explorer introduced them to North America.

Accepted Answer

Columbus

Question 2

This county in Delaware has the smallest area, but largest population.

Accepted Answer

New Castle

Question 3

This continent has the fewest flowering plants

Accepted Answer

Antarctica

Question 4

Calculating the number of times the average inventory value has been sold and replaced is:

Accepted Answer

Inventory Turnover

Question 5

This type of inventory system tracks inventory on a continual basis.

Accepted Answer

Perpetual

Question 6

What system allows plants to keep only small stocks on hand to avoid tying up money and space?

Accepted Answer

Just-in-time-inventory

Question 7

This is the ballet term for a 360 degree turn on one foot.

Accepted Answer

Pirouette

Question 8

Using this check method, merchandise is checked against the invoice.

Accepted Answer

Direct

Question 9

This is the record of information recorded by businesses about goods they receive

Accepted Answer

Receiving Record

Question 10

Select one of these that is used when receiving goods.

Accepted Answer

receiving record, invoice

Question 11

Contrary to its name, this is a list of items which should always be in stock.

Accepted Answer

Basic Stock List

Question 12

Who generally performs the quality check method?

Accepted Answer

Purchaser

Question 13

All of these terms except this one relate to dollar control of inventory.

Accepted Answer

Unit control

Question 14

Under this system information about stock levels is not continually maintained.

Accepted Answer

Physical Inventory

Question 15

What does UPC stand for?

Accepted Answer

Universal Product Code

Question 16

Counting a portion of the inventory each day is called:

Accepted Answer

Cycle Counts

Question 17

These type of businesses are expected to maintain just enough inventory to meet demand.

Accepted Answer

Retail

Question 18

This is a list of the best-selling products that make up a large percentage of volume

Accepted Answer

Never Out List

Question 19

Which of the following inventory check methods take the longest to perform?

Accepted Answer

Blind

Question 20

This is the main ingredient in glass.

Accepted Answer

Sand

Question 21

This type of inventory system tracks the number of items in inventory on a constant basis.

Accepted Answer

Perpetual Inventory

Question 22

Delaware is the only state in the country without one of these:

Accepted Answer

National Park

Question 23

This type of inventory system is known for seamless internet integration across many apps

Accepted Answer

Real-time Inventory

Question 24

Which of the following would you choose NOT to include on a receiving record?

Accepted Answer

Price

Question 25

Which of the following check method is considered the most accurate?

Accepted Answer

Blind

Chapter 24 Quiz

Questions 25

Chapter 24 Quiz

Questions 25