PTCB Inventory Management & Billing

Question 1

What does 'PAR level' stand for in pharmacy inventory management?

Accepted Answer

Periodic Automatic Replenishment

Answer

PAR (Periodic Automatic Replenishment) level is the minimum quantity of a drug that must be on hand before reordering is triggered.

Question 2

Which drug recall class indicates the most serious risk, including situations that can cause serious adverse health consequences or death?

Accepted Answer

Class I

Answer

Class I recall is the most serious, involving products that could cause serious health consequences or death if used.

Question 3

What is the primary purpose of an automatic dispensing cabinet (ADC) in a hospital setting?

Accepted Answer

To provide controlled access and tracking of medications at the point of care

Answer

ADCs like Pyxis or Omnicell provide nurses with secure, controlled access to medications while electronically tracking every transaction.

Question 4

What does 'NDC' stand for in pharmacy?

Accepted Answer

National Drug Code

Answer

The National Drug Code (NDC) is a unique 10- or 11-digit identifier assigned to every medication product sold in the US.

Question 5

Which inventory valuation method assigns the cost of the most recently purchased items to cost of goods sold?

Accepted Answer

LIFO (Last In, First Out)

Answer

LIFO (Last In, First Out) uses the most recent purchase price to value inventory sold, which is the opposite of FIFO.

PTCB - Pharmacy Technician Certification Board Practice Test