CRCST Practice Exam

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Prepare for the CRCST exam with our interactive quiz featuring multiple choice questions and detailed explanations. Improve your knowledge and confidence before test day!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What is the term for the number of times per year that inventory is purchased, consumed, and replaced?

Inventory Turnover rate
Replenishment Frequency
Consumption Cycle
Stock Rotation period

The correct answer is: Inventory Turnover rate

The term for the number of times per year that inventory is purchased, consumed, and replaced is known as the Inventory Turnover rate. This metric is crucial for assessing how efficiently a business manages its inventory by measuring how quickly products are sold and restocked within a specific time frame. Options B, C, and D do not accurately describe this specific concept of inventory management, making them incorrect choices.