Policy & Procedures
Inventory Management Quiz
Test your knowledge on company policies and procedures regarding inventory management. This quiz covers essential practices to ensure quality control and compliance with our operational standards.
- Learn best practices for inventory counting
- Understand the rules surrounding discounts and returns
- Discover who is responsible for various decisions
When is inventory counted?
Never
Whenever I feel like it
Beginning and end of work day
We have to count inventory?
How many free products can we give out?
As many as we want
At least one
I don't care
ZERO unless approved by CEO & CMO
Who is responsible for quality control?
Operations Team
Finance Team
Marketing Team
Nobody
Who approves purchases?
Yourself
CFO & CEO
A friend
Brother Thompson
Can we accept returns?
Yes, only if beanie and patch have not been tampered with
No.
I don't care
Yeah, even beanies with the patches ironed on
Can we give out discounts?
Doesn't matter
Of course, they're my friend
Only when running a promotion
Nah
What do you do with damaged equipment?
Throw it away
Report to COO->COO Reports to CEO & CFO-> Repair/Replace
Keep it for myself
Sell it on eBay
Can we take checks?
Yes, but they must be made out to BYU-Idaho and endorsed by Makenna Wilcox
No
What's a check
Yes, but they need to be made out to Brother Thompson
Where is inventory recorded?
My hand
A sticky-note
Operations Team Books
Who knows
What does "balancing inventory" mean?
How many beanies I can stack before it falls
The amount you sold must equal the amount that is gone from inventory
I don't know, I haven't been paying attention
We don't have to balance inventory
What are acceptable methods of payment?
I.O.U.
Cash
Check & Cashnet payment
Venmo, Apple Pay, Paypal
Who approves C-level decisions?
Brother Thompson
Whoever wants to
Decisions don't need to be approved
CEO
When should orders be shipped?
Orders should be shipped or delivered within 24 hours of receipt
Once a week
Whenever I get around to it
Every other week
When can orders be picked up in person?
24/7
Within business hours
Only on Fridays
We don't do in person pick ups
Where will inventory be shipped and manufactured?
BYU-Idaho
McDonald's
I don't know
Angel Hoagland's house
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