ASE Parts Specialist 3

Question 1

A part is overstocked and not selling. Which inventory action helps recover its value?

Accepted Answer

Return it to the supplier under a stock adjustment

Answer

A stock return or adjustment lets you recover value on slow-moving overstock.

Question 2

What is the primary purpose of a perpetual inventory system?

Accepted Answer

It updates stock counts in real time with each transaction

Answer

A perpetual system continuously updates quantities as parts are received and sold.

Question 3

A technician orders a wheel bearing but gives only the model and year. What additional info is most critical?

Accepted Answer

Drivetrain and whether it has ABS

Answer

Drivetrain and ABS equipment often change which bearing assembly fits.

Question 4

Which term describes parts kept on hand specifically because they are frequently requested?

Accepted Answer

Stocking inventory

Answer

Fast-moving, regularly demanded parts are kept as stocking inventory.

Question 5

When receiving a shipment, what should you do before stocking the parts?

Accepted Answer

Verify quantities and part numbers against the packing slip

Answer

Checking received items against the packing slip catches shortages and errors early.

ASE Practice Test