Purchasing and Inventory Flashcards
7 cards from real CFSP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Purchasing and Inventory flashcards as text
Which inventory control method is BEST suited for tracking high-cost, low-volume items like lobster or prime rib?
Answer: ABC analysis — Class A tracking
ABC analysis classifies Class A items as high-value, low-volume products requiring the tightest controls and most frequent counts.
A vendor offers a volume discount: orders of 50+ cases receive 8% off. If the regular price is $25/case and you order 60 cases, what is the total discounted cost?
Answer: $1,380
60 cases × $25 = $1,500; 8% discount = $120; $1,500 – $120 = $1,380.
What does the term 'yield percentage' mean in the context of purchasing?
Answer: The usable portion of a product after trimming, cooking, or processing compared to its as-purchased weight
Yield percentage = (edible portion weight ÷ as-purchased weight) × 100, and directly affects true cost per usable pound.
Which of the following is an example of a standing order?
Answer: A weekly automatic delivery of a set quantity of bread without placing a new order each time
A standing order is a recurring agreement for automatic delivery of a fixed quantity on a regular schedule without repeated purchase orders.
Which document serves as the internal authorization to purchase specific goods at an approved price before the purchase order is issued?
Answer: Requisition form
A requisition form is submitted internally to request purchasing authorization before the official purchase order is sent to the vendor.
Fresh fish received at a foodservice operation should show which characteristic to be accepted?
Answer: Bright red gills, firm flesh, and mild sea-like smell
Fresh fish should have bright red gills, firm flesh that springs back quickly, and a mild oceanic smell — not a strong fishy or ammonia odor.
What is the purpose of a 'bid sheet' in competitive purchasing?
Answer: To list required products so multiple vendors can submit price quotes for comparison
A bid sheet standardizes product specifications so that competing vendors quote on identical items, enabling accurate price comparisons.