1. What is one of the most important things that you can do dealing with stock level management?
    To ensure proper security measures are in place for your assets
  2. At a minimum, what does the inventory stock record track?
    Should contain: name, unit cost, beginning balance, ending balance, some type of stock number, and selling price. The stock record should also contain all inventory transactions, like purchases and transfers in or out; also annotate formal inventory counts.
  3. How often should you review all inventories and stock record cards to identify slow moving items and dead stock or other problems?
  4. What is the responsibility of the RMFC?
    RMFC ensures that activities maintain adequate control over merchandise inventories and that the activity managers perform regular imspections of facilities under their control.
  5. What are the four categories of loss?
    • 1) Simple
    • 2) Gross negligence
    • 3) Willful misconduct
    • 4) Proximate cause
  6. Who establishes inventory schedules to make sure inventories are promptly submitted to your accounting section or the NAF AO?
    RMFC and your section manager
  7. Who must work with the central storeroom for scheduling days and times to pick up orders?
    Activity managers
  8. Name the types of inventories
    • 1) Central storeroom facilities
    • 2) Decentralized storeroom
    • 3) In-use inventories
    • 4) Fixed assets
    • 5) Free or donated items
  9. What does the activity manager or designee use to transfer goods or stock between cost centers?
    AF Form 2533 or an order entry form
  10. How many days when warranted does the RMFC have to complete inventory write-offs?
    30 days
  11. How is it possible to exceed the requirements of the AFI that govern your activity?
    Each base may increase requirements based on local demands and may include souvenir-type items
  12. Where can you find the minimum requirements for resale items?
    In the Golden Eagle Standards
  13. What agency may lodging not sell lower than?
  14. Define price gouging
    Pricing an item above the market when no alternative retailer is available
Card Set
Sundry sales