Fashion Spring Final Exam Review

The planned arrangement of movement, such as specific steps in a fashion show.

• Choreography

• Commentary

• Motion

• Dancing

Sarah, the owner of Sarah's boutique, determined the number of jeans and dresses on hand to sell to her customers.  What is this called?

• Raw Materials

• Work in Process

• Accounts Receivable

• Inventory

Too much inventory can cause:

• Lost production time, lost sales, hard to get new inventory

• Extra handling costs, excessive storage costs, limited storage space

• lost sales and high costs, no purchases from customers due to no interest

• stock and cash shortage

Shrinkage is:

• Moving, storing, and selling goods

• Stock and cash shortage

• New inventory

• Partially completed project

Robbery or shoplifting by a customer is:

• Internal Theft

• External Theft

• Inventory

• Sweethearting

Your boss determined that two people were taking $10 gift cards every week. What is this called?

• Pilferage

• Inventory

• Sweethearting

• External Theft

Giving your mom a 50% off discount from the place you work is known as:

• Pilferage

• Inventory

• Sweethearting

• External Theft

Which is NOT one of the four categories of loss prevention?

• Screen new employees

• Utilize loss prevention

• Develop awareness

• Managing inventory and sizing

A balance that customers owe to a company is known as:

• Accounts payable

• Cost of goods sold

• Markup

• Accounts receivable

What is the most common way that trends are introduced to the public?

• Fashion Media

• Fashion Cycle

• Fashion Movement

• Fashion Leaders