Pharmacy Inventory Management 2

Question 1

A pharmacy uses a perpetual inventory system. What is the primary advantage of this system over a periodic system?

Accepted Answer

Real-time tracking of stock levels after every transaction

Answer

Requires only a monthly physical count

Answer

Eliminates the need for reorder points

Answer

Reduces the cost of carrying inventory

Question 2

Which DEA schedule requires the use of DEA Form 222 or the CSOS electronic equivalent for ordering?

Accepted Answer

Schedule II

Answer

Schedule III

Answer

Schedule IV

Answer

Schedule V

Question 3

A pharmacy technician notices a medication has an expiration date of '08/2026.' When does this product expire?

Accepted Answer

August 31, 2026

Answer

August 1, 2026

Answer

August 15, 2026

Answer

September 1, 2026

Question 4

What is the purpose of a 'par level' in pharmacy inventory management?

Accepted Answer

The minimum stock quantity that triggers a reorder

Answer

The maximum amount of a drug that can be legally stocked

Answer

The amount dispensed per patient per day

Answer

The quantity received in a standard wholesaler shipment

Question 5

A pharmacy discovers a bottle of tablets with visible discoloration and clumping. What is the most appropriate action?

Accepted Answer

Quarantine and return to the manufacturer or reverse distributor

Answer

Dispense if within expiration date

Answer

Crush and dispose down the sink

Answer

Relabel with a new expiration date

Question 6

Which inventory valuation method assumes the first items purchased are the first items sold?

Accepted Answer

FIFO (First In, First Out)

Answer

LIFO (Last In, First Out)

Answer

WAC (Weighted Average Cost)

Answer

Specific Identification

Question 7

When a pharmacy receives a drug recall notice for Class I, what action is required?

Accepted Answer

Immediately remove product from dispensing and notify patients who received it

Answer

Remove product from shelves within 30 days

Answer

Continue dispensing until replacement stock arrives

Answer

Wait for FDA confirmation before acting