Marketing Essentials

Chapter 24: Stock Handling and Inventory Control

Self-Checks

1
What are three things a receiving record indicates?
A)A receiving number
B)The name of the person who received the shipment
C)Name of the carrier
D)All of the above
2
Blind check, direct check, spot check, and quality check are
A)Four ways of paying for merchandise
B)Four ways of signing a receiving record
C)Four ways of checking merchandise upon receipt
D)Four ways of storing merchandise
3
What is inventory?
A)A method for storing goods
B)A method for ordering goods from a manufacturer
C)The goods stored by a business before they are sold
D)The goods on sale at a retailer
4
What does SKU stand for?
A)A spreadsheet system for inventory tracking
B)A stockkeeping unit
C)A unit in the never-out list
D)A unit of goods for resale
5
What is dollar control?
A)Information about the purchases, sales, dollar value of beginning and ending inventory
B)Information about the quantities of goods that a business handles during a specific period of time
C)The number of times the average inventory has been sold and replaced in a given amount of time
D)A stock list
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