Inventory Flashcards

You may prefer our related Brainscape-certified flashcards:
1
Q

True or False: inventory can take place at Opening or at closing

A

True! - it MUST be indicated which one is done, but it does not matter when inventory is done

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2
Q

Inital inventory

A

Done on the day the registrant first engages with controlled substances

(usually done on the first day of business)

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3
Q

Biennial Inventory

A

Inventory MUST be done every 2 years

Some states may want it more often but 2 years is the minimum

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4
Q

Inventory of Newly Controlled substances

A

Done when a medication is switched from non-controlled to controlled

MUST be done the day the switch occurs

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5
Q

True or false: when dealing with stolen substances you first go to the last biennial inventory

A

True!

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6
Q

True or false: you do not have to count an exact number of C-II

A

False! - all CII must have an exact number countTr

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7
Q

True or False: you can estimate the amount of CIII-CV you have on hand

A

True-ish
You can estimate if the container contained 1000 units or less, but if there are more than 1000 units in the container it must be exactly counted

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8
Q

What container size of CIII-CV can you estimate?

A

1000 units or less

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9
Q

What container size of CIII-CV do you have to fully count?

A

1000 units or more

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