Quiz
Stock Control
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Questions in this quiz (13)
1What is stock?
- AStock refers to goods or materials kept by an organisation in a special place called a warehouse or store or stock room.
- BStock refers to businesses that keep goods in return for incentives.
2Internal requests from stock are called ?
- ADeductions
- Border
- CRequisitions
3What are orders?
- ARequest for customers from different countries.
- BRequest for money from customers.
- CRequest for supplies from customers.
4To ensure what, a close check of stock must be maintained?
- ABecause the country is facing a recession employees can get food for their family.
- BTo ensure that sufficient quantity is always available when needed.
5Whys is stock control important?
- ATo facilitate the owner of the business.
- BBecause it is used to support internal operations.
6If a business holds too much stock it can be a drain on its resources, such as space for storage, selling displays, cash, credit limit and so on.
- ATrue
- BFalse
7Items such as Diamonds will need protection.
- ATrue
- BFalse
8Stock is a current Liability of the business.
- ATrue
- BFalse
9Assets are things the business owes.
- ATrue
- BFalse
10Liabilities are things the business owes.
- ATrue
- BFalse
11All assets and liabilities are shown in a financial statement called a balance sheet.
- ATrue
- BFalse
12What is stock in trade?
- AStock purchased for resale.
- BStock sold for resale.
13What are consumable stocks?
- AMoney that a company owns.
- BThe amount of cars that is owned by the company.
- CRaw materials for manufacturing.
Information
- Description
- Quiz on Stock Control, created by Demar Davidson on 28/11/2014.
- Author
- Demar Davidson
- Language
- English
- Views
- 108
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