Name: - _______________________________________________________________________ ID:__________________________ Date :- Dec 13/2023

I Choose the Best Answer:

_____1. What is the purpose of cycle counting in inventory management?
A. To track software licenses
B. To maintain hardware specifications
C. To regularly validate accurate inventory levels
D. To establish max-min management principles
_____2. Which inventory technique involves holding as little stock as possible to minimize costs and risks?
A. ABC inventory analysis
B. Drop shipping
C. Just-in-time (JIT) inventory
D. Bulk shipments
____3. What is the role of an OH&S committee in handling IT equipment?
A. Overseeing software licenses
B. Managing inventory procedures
C. Ensuring compliance with safety guidelines
D. Conducting cycle counting
____4. Which software inventory report provides information on software installed by their vendors along with the
total number of copies installed?
A. Recently Installed Software
B. Software by Manufacturer
C. Prohibited Software
D. Software Product Keys
____5. What is the main purpose of user documentation in IT support?
A. To track inventory alerts
B. To manage hardware specifications
C. To provide information to end users
D. To conduct cycle counting

II Matching: Match the following terms with their descriptions:

_____1. Inventory Turns/Stock Rotation A. Tracking software licenses

_____2. Cross-docking B. Minimizing business costs in certain industries
_____3. Prioritize location and accessibility C. Eliminating the need to hold inventory
_____4. Proactive error source identification D. Key metric for evaluating inventory management effectiveness
_____5. Software Usage by Computer E. Ensuring efficient stock management
III Say True or False:

__________1. Every business should apply the same inventory control procedures.
__________2. Cycle counting involves counting the entire inventory on a specific day.
__________3. Drop shipping is a technique where businesses outsource all aspects of managing stock.
__________4. Labels on products should include only the product name and quantity.
___________5. An OH&S committee is responsible for managing inventory procedures.