CRCST Inventory Control 2

Question 1

Which inventory management method prioritizes dispensing the oldest stock first to minimize product expiration?

Accepted Answer

FIFO (First In, First Out)

Answer

LIFO (Last In, First Out)

Answer

JIT (Just-In-Time)

Answer

ABC analysis

Question 2

What is a 'par level' in central service inventory management?

Accepted Answer

The minimum quantity that triggers an order and the target replenishment quantity

Answer

The maximum quantity of an item ever ordered

Answer

The number of items discarded each month

Answer

The price per unit of a supply item

Question 3

When conducting a physical inventory count, which action ensures accuracy?

Accepted Answer

Halting all movement of items in the area being counted

Answer

Counting only high-cost items

Answer

Counting items while simultaneously restocking shelves

Answer

Estimating quantities based on previous orders

Question 4

Which term describes the cost incurred when a supply item is unavailable and a procedure must be delayed or substituted?

Accepted Answer

Stockout cost

Answer

Carrying cost

Answer

Ordering cost

Answer

Shrinkage cost

Question 5

A CS technician notices that several instrument sets consistently return with unused items. What is the BEST inventory-related response?

Accepted Answer

Analyze usage data and consider reducing set content

Answer

Increase the quantity of those items in the set

Answer

Reorder more of those items immediately

Answer

Document the unused items but take no action

Question 6

What does 'economic order quantity' (EOQ) help a central service department determine?

Accepted Answer

The optimal order quantity that minimizes total ordering and carrying costs

Answer

The most expensive items in inventory

Answer

The number of sterilization cycles run per day

Answer

The expiration date of sterile supplies

Question 7

Which of the following is considered a 'carrying cost' in inventory management?

Accepted Answer

Storage space, insurance, and spoilage expenses

Answer

The price paid to a vendor per unit

Answer

Labor cost to place a purchase order

Answer

Cost of emergency deliveries