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Flashcards in Pharmacy Inventory Management Deck (50)
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1

Which of the following are benefits associated with proper inventory management?
A. Decrease the cost of ordering medications from whole salers
B. Minimize the occurrence of unexpected stocks-out of products
C. Prevents costs associated with expiration of inventory
D. All of the above

D. All of the above

2

Which of the following is true regarding the proper storage of refrigerated medications?
A. Pharmacy staff can store food and drinks in the same refrigerator that is used for medications
B. Medications can be stored in the refrigerator door
C. The temperature of the fridge should be monitored twice daily
D. All of the above are true

C. The temperature of the fridge should be monitored twice daily

3

Which of the following inventory management methods helps minimize medication costs for a pharmacy?
A. Dispensing medications before they expire
B. Ordering from a preferred wholesaler
C. Processing returns regularly
D. All of the above

D. All of the above

4

ALL BUT WHICH of the following are important considerations for Rx that have not been picked up in a timely manner by a patient?
A. They should be restocked for accurate inventory management
B. They should be restocked to prevent insurance fraud
C. A reminder call to the patient may help minimize the number of unclaimed Rx
D. They cannot be reused for another patient and should be discarded immediately

D. They cannot be reused for another patient and should be discarded immediately

5

During a controlled substance inventory, an EXACT COUNT is required for Schedule III, IV, and V substances in packages that are larger than which of the following sizes?
A. 100 tabs or caps
B. 250 tabs or caps
C. 500 tabs or caps
D. 1000 tabs or caps

D. 1000 tabs or caps

6

According to federal law, how long must pharmacies keep completed DEA Form 222s on file?
A. 1 year
B. 2 yeas
C. 3 years
D. 4 years

B. 2 years

7

Chemotherapy medications are considered to be ______ substances.
A. Hazardous
B. Controlled
C. Poisonous
D. Toxic

A. Hazardous

8

Which of the following is a continually updated list of approved medications for use within a hospital, health care system, or by an insurance company?
A. Invoice
B. Purchase order
C. Formulary
D. ABC analysis

C. Formulary

9

Which of the following inventory management processes refers to ordering products IMMEDIATELY before they are used?
A. ABC analysis
B. Last-in-first-out ordering
C. First-in-last-out ordering
D. Just-in-time order

D. Just-in-time ordering

10

ALL BUT WHICH of the following is true regarding beyond-use dates?
A. They are assigned by the pharmacy
B. They are necessary for compounded products
C. They are necessary for repackaged medications
D. They are assigned by the manufacturer

D. They are assigned by the manufacturer

11

Which of the following terms refers to the amount of time it takes to use a particular product in the pharmacy inventory in its entirety?
A. Purchase order
B. Turnover rate
C. 80/20 rule
D. ABC analysis

B. Turnover rate

12

ALL BUT WHICH of the following medication require storage in a separate area of the pharmacy?
A. Investigational medications
B. Expired medications
C. Recalled medications
D. Hormone replacement medications

D. Hormone replacement medications

13

Which of the following inventory management processes refers to setting a maximum and minimum amount of medication that a pharmacy should have in stock, and then having these qualities maintained automatically?
A. Just-in time ordering
B. PAR (periodic automatic replacement) levels
C. Last-in-first-our ordering
D. Max and Min ordering

B. PAR (periodic automatic replacement) levels

14

ALL BUT WHICH of the following are important concepts to consider when ordering inventory?
A. Product availability
B. Turnover rate of medication
C. Location of manufacturer
D. Medication expiration date

C. Location of manufacturer

15

Which of the following terms refers to the costs of placing an order, receiving goods, and processing payment?
A. Turnover rate
B. Carrying costs
C. Cost analysis
D. Procurement costs

D. Procurement costs

16

Which of the following terms refers to the inventory management strategy that focuses on top of the top 20% of the items stocked?
A. 80/20 ordering
B. 20% ordering
C. 20% rule
D. 80/20 rule

D 80/20 rule

17

Which of the following terms refers to the inventory management strategy that classifies medications into 3 classes that are based on their usage and cost?
A. PAR value
B. ABC analysis
C. Economic order quantity
D. 80/20 rule

B. ABC analysis

18

Which of the following is a list of items that have been delivered to a pharmacy and shows the cost of each item?
A. Purchase order
B. Invoice
C. Perpetual inventory
D. Purchasing report

B. Invoice

19

A perpetual inventory is often maintained for which of the following types of medications?
A. Oral chemotherapeutics
B. All controlled substances
C. Hazardous substances
D. Schedule II controlled substances

D. Schedule II controlled substances

20

Which of the following steps should be performed when a pharmacy receives a shipment from a wholesaler or manufacturer?
A. Verify that the quantity of boxes or totes delivered matches the expected quantity
B. Inspect packaging to ensure it has not been tampered with
C. Inspect the items delivered for damage or outdated products
D. All of the above

D. All of the above

21

Which of the following committees of a hospital or managed care organization is responsible for determining which products will be included on a formulary?
A. Health and Wellness Committee
B. Pharmacy and Therapeutics Committee
C. Patient Safety Committee
D. Ethics Committee

B. Pharmacy and Therapeutics Committee

22

Which of the following is a form that is used to order medications from a wholesaler?
A. Invoice
B. Purchasing report
C. Purchasing order
D. DEA Form 41

C. Purchasing order

23

Which of the following is important to consider when putting a medication order away after it has been delivered?
A. Place the newest stock in front of the old stock
B. Place the newest stock behind the old stock
C. Mix the newest stock with the old stock
D. Discard the old stock

B. Place the newest stock behind the old stock

24

DEA Form 31 must be completed by a pharmacy before which of the following activities can be performed?
A. Ordering controlled substance
B. Dispensing controlled substances
C. Completing a controlled substance inventory
D. Destroying outdated or damaged controlled substances

D. Destroying outdated or damaged controlled substances

25

Which of the following may be a reason that a drug manufacturer would recall a product?
A. Product contamination
B. Incorrect labeling
C. Production error
D. All of the above

D. All of the above

26

Which of the following types of formulary allows any medication to be purchased by a hospital or covered by a insurance company?
A. Restricted formulary
B. Open formulary
C. Closed formulary
D. Tiered formulary

B. Open formulary

27

Which of the following inventory management methods is used to continually monitor the inventory level of a particular product by performing an audit at any given time?
A. Annual inventory counts
B. ABC inventory counts
C. Cycle counts
D. 80/20 counts

C. Cycle counts

28

Which of the following Good Manufacturing Practice (GMP) guidelines should be followed when repackaging medications for use in an inpatient setting?
A. Maintain a repackaging log only for controlled substances
B. Use appropriate packaging for all the medications being repackaged
C. Have a pharmacy technicians verify all medications
D. All of the above

B. Use appropriate packaging for all the medications being repackaged

29

Refridgerator and freezer temps should be monitored at least _____ to ensure proper drug storage.
A. 1 time daily
B. 2 times daily
C. 1 per week
D. 2 per week

B. 2 times daily

30

Pharmacies that handle hazardous materials must receive and maintain which of the following documents?
A. Safety Data Sheets (SDS)
B. Package insert
C. DEA Form 224
D. Inventory Log

A. Safety Data Sheets (SDS)