Practice Quiz

Vet Manager Exam Prep - Question List

Select how would you like to study

Study Mode Free Daily Question Test Mode
21. Which of the following items poses the greatest challenge for maintaining an accurate perpetual inventory system?
  1. Inventory shortage items
  2. Items held for resale
  3. Hospital consumables
  4. Retail items
See answer
22. Which of the following is the correct term for a method of pricing that adjusts the sales price of an item as contemporaneously as possible to the sale, based on its most current replacement acquisition cost and regardless of how much was paid for the item?
  1. Cost plus pricing
  2. Market oriented pricing
  3. Just in time pricing
  4. Premium pricing
See answer
23. Breakeven analysis is performed in order to adequately price a product. What is the formula for determining breakeven analysis?
  1. Breakeven sales price equals fixed cost plus variable cost
  2. Breakeven sales price equals vendor cost plus sales tax
  3. Breakeven sales price equals cost plus 20%
  4. Breakeven sales price equals vendor cost plus fixed costs
See answer
24. If a shipping document enclosed with an inventory delivery states “FOB shipping point”, when would the title, or ownership, of the inventory pass to the veterinary practice?
  1. when the merchandise is shipped
  2. when the merchandise is delivered to the veterinary practice
  3. upon receipt of payment
  4. when the merchandise is delivered to the shipper
See answer
25. What document is a legal agreement describing and defining the events causing a partner or shareholder to sell his/her interest in a veterinary hospital, and the terms for resolving other interests and ownerships?
  1. Shareholder Buyout Agreement
  2. Buy-Sell Agreement
  3. Stock liquidation Agreement
  4. Partner Dissolution Agreement
See answer

Select how would you like to study

Study Mode Free Daily Question Test Mode