HIS LESSON 10 PART 4

Question 1

selling of perishable goods

Answer 1

FIFO

Question 2

meaning of LIFO?

Answer 2

last in, first out

Question 3

FEFO

Answer 3

fist expired first out

Question 4

FIFO

Answer 4

first in, first out

Question 5

Inventory with the earliest expiration date to be handled first

Answer 5

First Expired, First Out (FEFO)

Question 6

Serial or lot numbers on items

Answer 6

First Expired, First Out (FEFO)

Question 7

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

Answer 7

Last In, First Out (LIFO)

Question 8

Higher Cost Inventory

Answer 8

Last In, First Out (LIFO)

Question 9

Common technique that is applied nowadays

Answer 9

FIFO

Question 10

sold based on the order
purchase.

Answer 10

FIFO

Question 11

By order of purchase.

Answer 11

FIFO

Question 12

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

Answer 12

LIFO

Question 13

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

Answer 13

LIFO

Question 14

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

Answer 14

FEFO

Question 15

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

Answer 15

purchasing request

Question 16

marks the beginning of purchasing procurement?

Answer 16

purchase request

Question 17

marks the beginning of purchasing process

Answer 17

enquiries

Question 18

the three issue methods that are currently used in healthcare industry

Answer 18

FIFO
LEFO
FEFO