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The Inventory Management Quiz
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The Inventory Management Quiz

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@LogicalHealing

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Questions and Answers

Which department is considered the genuine soul of a firm's growth and success?

  • Finance department
  • Marketing department
  • Human resources department
  • Inventory management department (correct)

    • What is the main responsibility of inventory management?

  • Managing the performance of a company
  • Managing the units in a firm (correct)
  • Managing the inward flow of goods
  • Managing the outward flow of goods

    • What is the responsibility of an inventory manager in relation to time management?

  • Monitoring the price of a product after taxes
  • Ensuring there is no scarcity in inventory
  • Managing the time taken by a unit for processing and reaching inventory (correct)
  • Checking the value of raw materials and their cost in making finished products

    • What does inventory management keep a check on in relation to price?

    <p>Price of products after adding taxes</p> Signup and view all the answers

    What is the significance of inventory management in relation to raw materials?

    <p>Determining the value of raw materials</p> Signup and view all the answers

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