Walmart Asessment Inventory and Store Operations 2

Question 1

What is 'shrinkage' in retail terms?

Accepted Answer

Loss of inventory due to theft, damage, or administrative error

Answer

Products that have been downsized by the manufacturer

Answer

Products that expire and are removed from shelves

Answer

Reduction in store hours

Question 2

What is the benefit of scanning items when receiving a shipment?

Accepted Answer

It ensures inventory records are updated accurately and discrepancies are caught early

Answer

It speeds up unloading

Answer

It allows customers to see new arrivals faster

Answer

It satisfies the delivery driver's paperwork

Question 3

What does 'overstock' mean in retail?

Accepted Answer

Excess inventory beyond what is needed or can be stocked on the floor

Answer

A product with too high a price

Answer

Items that have been ordered twice

Answer

Products available only online

Question 4

Why is it important to rotate stock when restocking shelves?

Accepted Answer

To ensure older products are sold first and reduce waste from expiration

Answer

To make the shelf look full

Answer

To confuse theft attempts

Answer

To make restocking easier for the next associate

Question 5

An inventory count shows 50 units in the system but you only find 42 on the shelf. What should you do?

Accepted Answer

Investigate potential causes such as theft, misplacement, or receiving errors, then report

Answer

Update the count to 42 without investigating

Answer

Assume the system is wrong and ignore the discrepancy

Answer

Add 8 phantom units to match the system

Question 6

What is a UPC barcode used for in a retail setting?

Accepted Answer

To uniquely identify products for inventory tracking, pricing, and sales

Answer

To display the product price to customers

Answer

To determine the country of manufacture

Answer

To track employee performance