Solved

Match Each Item to the Statement or Sentence Listed Below

Question 61

Matching

Match each item to the statement or sentence listed below.

Premises:
controlling the amount of product on hand to maximize the return of investment
list of drugs and devices that routinely need to be ordered
mathematical calculation of the number of times the average inventory is replaced over a period of time (usually annually)
inventory control system that allows inventory to be tracked as it is used
inventory control system that allows for monthly review of drug use
Responses:
inventory control
inventory turnover rate
want book
point-of-sale (POS) master
perpetual inventory system

Correct Answer:

controlling the amount of product on hand to maximize the return of investment
list of drugs and devices that routinely need to be ordered
mathematical calculation of the number of times the average inventory is replaced over a period of time (usually annually)
inventory control system that allows inventory to be tracked as it is used
inventory control system that allows for monthly review of drug use
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