Practice Quiz

Veterinary Practice Manager

Category - CVPM

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Which of the following statement represents a central goal of inventory control and management in veterinary medicine?
  1. Quantities of drugs and professional supplies are kept in large quantities to avoid running out
  2. To provide limitless access to inventory items for maximum convenience to veterinarians and staff
  3. To purchase in bulk whenever possible, in order to realize deep discounts on unit costs
  4. Quantities of drugs and professional supplies are controlled in order to minimize expenditure
Explanation
Answer: D- Quantities of drugs and professional supplies are controlled in order to minimize expenditure represents a central goal of inventory control and management in veterinary medicine. Large stocks that tie up cash are avoided unless the discount savings can be shown to offset the dollars spent in idle inventory.
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