Inventory Management for Veterinary Offices

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the cost of the product to the clinic multiplied by a set factor or percentage known as?

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1. What is the level at which an inventoried item needs to be reordered called?

2. What is an unexplained loss of inventory called?

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About This Quiz & Worksheet

Questions you will answer on this quiz/worksheet will be in regard to inventory loss, financially breaking even, the stock of merchandise, reordering of items, and the cost of a product multiplied by set factors.

Quiz & Worksheet Goals

These practice questions will target questions on:

  • The term used for a product's cost multiplied by a static factor
  • The time at which an item needs reordering
  • What it's called when an item goes missing
  • A company listing its merchandise
  • The percentage a markup needs to be in order to break even on a product

Skills Practiced

  • Critical thinking - apply relevant concepts to examine information about running a veterinary business in a different light
  • Knowledge application - use your knowledge to answer questions about conducting business in a veterinarian's office
  • Interpreting information - verify that you can read information regarding inventory management and interpret it correctly

Additional Learning

To gain a better awareness of inventory management, read our lesson called Inventory Management for Veterinary Offices. This lesson will give you further information on:

  • What inventory is
  • Upkeep of inventory
  • The pricing of products
  • Money loss
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