Practice Quiz

Veterinary Practice Manager

Category - CVPM

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The concept of ration-based inventory management is based on what simple theory?
  1. Inventory is more vulnerable to wastage if held in smaller quantities
  2. Inventory is more difficult to control if held in large quantities
  3. Inventory is less vulnerable to shrinkage if held in large quantities
  4. Inventory is easier to control if it held in smaller quantities
Explanation
Answer: D- The concept of ration-based inventory management is based on the simple theory that Inventory is easier to control if it held in smaller quantities. Ration-based inventory management utilizes a central supply area that stocks larger quantities of supplies, which are then rationed out to secondary areas.
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