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Material Management Process Quiz

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Questions and Answers

What is the primary objective of the Material Management process?

To optimize budgeting and planning

To ensure timely disposal and condemnation

To maximize inventory levels

To minimize losses and pilferage (correct)

Which stage of the Material Management process involves verifying the quality and quantity of received goods?

Issue and Distribution

Purchasing

Inventory Control

Receipt Inspection (correct)

What is the primary function of Inventory Control in the Material Management process?

To manage and maintain optimal inventory levels (correct)

To facilitate issue and distribution

To optimize purchasing and budgeting

To minimize losses and pilferage

What is the primary objective of Disposal and Condemnation in the Material Management process?

To eliminate unusable or obsolete materials Signup and view all the answers

Which stage of the Material Management process involves the distribution of materials to various departments?

Issue and Distribution Signup and view all the answers

What is the primary function of a Third Party Administrator (TPA) in health insurance?

To process claims and provide administrative services to insurance companies Signup and view all the answers

What type of cover does hospitalization provide to the insured?

An indemnity cover Signup and view all the answers

What is the main purpose of hospital cash cover?

To cover incidental expenses Signup and view all the answers

What does the Plan Do Check Act (PDCA) principle help in promoting?

A process-driven culture Signup and view all the answers

What is the primary objective of a quality management system?

To improve quality Signup and view all the answers

What is the function of a TPA in claim processing?

To process claims and provide administrative services Signup and view all the answers

What is the basis of payment of expenses in hospitalization cover?

Details mentioned on required bills and hospital documents Signup and view all the answers

What is the purpose of a hospitalization cover?

To cover medical expenses Signup and view all the answers

What is the primary function of a TPA in health insurance?