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Chapter 4 - Quiz

Authored by Jill Edwards

Other

11th - 12th Grade

Used 7+ times

Chapter 4 - Quiz
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13 questions

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1.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a purchase order?

a detailed list of vendor items requested by the store
a list of merchandise sent with the shipment by the vendor or distribution center
a receipt of items ordered
a price list provided to the associate

2.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a packing slip?

a detailed list of vendor items requested by the store
a list of merchandise sent with the shipment by the vendor or distribution center
a receipt of items ordered
a price list provided to the associate

3.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is visual merchandising?

advertising
handing out pamphlets or flyers
presenting the products you sell in the most attractive way possible
giving out samples

4.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

A key aspect of inventory management is to create and maintain an accurate record or "paper trail," of product received and sold. Which is NOT a reason this is necessary?

to know the merchandise on hand at any given time
to know the price of an item at any given time
to see how well a product is selling
to know when it's time to reorder merchandise

5.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is a physical inventory?

An audit of the records of all items delivered to the store
an audit of the records of all items sent from the store
a list of all items that should be present in the store at a given point in time
a count of every piece of merchandise in the store

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

What is shrink or shrinkage?

loss caused by returned items that cannot be re-sold
loss caused by credit/debit card fraud
loss caused by shoplifting, employee theft, or employee error
loss caused by employees taking something other than inventory

7.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Which is NOT one of the actions you have to witness a customer do to prove shoplifting?

pick up the item
conceal the item
leave the store without intending to pay for the item
tear off the price tag

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