HIS LESSON 10 PART 4 Flashcards

1
Q

selling of perishable goods

A

FIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

meaning of LIFO?

A

last in, first out

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

FEFO

A

fist expired first out

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

FIFO

A

first in, first out

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Inventory with the earliest expiration date to be handled first

A

First Expired, First Out (FEFO)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Serial or lot numbers on items

A

First Expired, First Out (FEFO)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Common among non-perishable items like petroleum,
minerals, and metals.

A

Last In, First Out (LIFO)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Higher Cost Inventory

A

Last In, First Out (LIFO)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Common technique that is applied nowadays

A

FIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

sold based on the order
purchase.

A

FIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

By order of purchase.

A

FIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Where the last items who enter the system are sold first.

A

LIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Common among non-perishable items like petroleum,
minerals, and metals.

A

LIFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

To avoid expiring or still be used before the expiry date.

A

FEFO

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

as a first step in the process of purchasing. This could be followed by a quotation before proceeding to the purchase order.

A

purchasing request

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

marks the beginning of purchasing procurement?

A

purchase request

17
Q

marks the beginning of purchasing process

A

enquiries

18
Q

the three issue methods that are currently used in healthcare industry

A

FIFO
LEFO
FEFO