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

I Choose the Best Answer:

1. What is the purpose of stock control in a business?
A) To increase stock levels
B) To maintain an optimum level of stock
C) To keep large quantities of everything
D) To rely on just-in-time systems
2. What is the primary concern when using computerized inventory-control systems?
A) Ensuring stock levels are maximum
B) Relying on manual stock counting
C) Correct data entry
D) Ignoring reorder levels
3. What is the advantage of a just-in-time inventory system?
A) It keeps large quantities of everything
B) It relies on unreliable suppliers
C) It minimizes stock levels
D) It requires manual counting
4. What factors can influence the level of inventory in a storeroom for IT equipment?
A) Number of available suppliers
B) Shelf life of items
C) Cost of storage space
D) All of the above
5. How does stock rotation contribute to effective inventory management?
A) It increases the shelf life of items
B) It ensures the newest stock is used first
C) It prevents stock from being used at all
D) It requires constant manual counting

II Matching: Match the following terms with their descriptions:

_____1. Ensures the oldest stock is used first. A. Tracking software licenses
_____2. Involves removing batteries and ink cartridges. B. Minimizing business costs in certain industries
_____3. Keeping track of how much stock is available. C. Eliminating the need to hold inventory
_____4. Recording type, size, data, vendor, etc. D. Key metric for evaluating inventory management effectiveness
III Say True or False:

__________1. The size of IT storerooms is solely determined by the size and complexity of the IT system
__________2. Using plastic covers for electronic devices is recommended for protection against moisture.
__________3. In software inventory management, keeping track of license renewal dates is not necessary.
__________4. Just-in-time inventory systems work well even with unreliable suppliers.
___________5. Stock rotation ensures that the newest stock is used first to minimize wastage.