Deck 2: Inventory

Question 1

What is the main goal of inventory control?

A)To minimize the inventory investment
B)Balance supply and demand
C)Minimize carrying costs
D)All of the above

Answer 1

All of the above

Question 2

What is the definition of "lead time"?

A)The amount of time it takes to order an item
B)The amount of time it takes to dispense an item
C)The amount of time it takes for an order to be delivered
D)The amount of time between a patient's refills

Answer 2

The amount of time it takes for an order to be delivered

Question 3

Why would a pharmacy keep safety stock?

A)The pharmacy is not sure about the demand of an item
B)The pharmacy is not sure about the lead time of an item
C)There is an epidemic
D)A and B only

Answer 3

A and B only

Question 4

What is a unit dose?

A)A method of dispensing a 30-day supply of medication
B)A method of dispensing a single dose of medication to a patient
C)A method of dispensing a day's supply of medication to a patient
D)A method of storing medication

Question 5

Which of the following is considered durable medical equipment?

A)Crutches
B)Gauze
C)Enalapril
D)None of the above

Question 6

What does it mean when a drug is on manufacturer back order?

A)The manufacturer is waiting for supplies.
B)The drug is in short supply.
C)The manufacturer has stopped manufacturing the medication.
D)Any or all of the above

Question 7

What is the best way to stock medication on the shelf to ensure proper turn over?

A)Oldest in the back, newest in the front
B)Newest in the back, oldest in the front
C)There is no set order
D)All drugs on the shelf are the same age

Question 8

What medications should be put away first when an order arrives?

A)Narcotics
B)Controlled substances
C)Refrigerated/freezer items
D)Antibiotics

Question 9

When adding stock to the pharmacy shelves, which of the following should be done?

A)Remove outdated stock first
B)Rotate the stock on the shelf, putting the product with the longest expiration dates in the back
C)Move the product with the shortest expiration dates to the front
D)All of the above

Question 10

Which of the following most accurately describes perpetual inventory?

A)A method of maintaining inventory levels in which products are ordered at periodic intervals
B)A method of maintaining inventory levels in which products are continuously ordered as they are used
C)A method of maintaining inventory levels in which products are ordered quarterly
D)A method of maintaining inventory levels in which products are ordered upon request from the patient

Question 11

Which of the following terms best describes the complete list of products the pharmacy has in stock?

A)Inventory
B)Formulary
C)Average wholesale price
D)Vendor

Question 12

How often must a complete inventory of all controlled substances be performed?

A)Every month
B)Every year
C)Every 2 years
D)Every 5 years

Question 13

When performing the required biennial inventory of all controlled substances, which of the following is false?

A)All Schedule II medications must be physically counted
B)Schedule III - V medications may be estimated if the package size is less than 1000 tablets
C)Schedule III - V medications must be physically counted if the package size is greater than 1000 tablets and the package has been opened
D)Schedule III - V medications must all be physically counted every two years

Question 14

If a previously non-controlled medication is added to the federal controlled substance scheduling system, when does it need to be inventoried?

A)On the biennial inventory date
B)On January 1 following the scheduling change
C)The effective date of the scheduling change
D)On July 1 following the scheduling change

Question 15

When performing the biennial controlled substance inventory, which of the following is false, with regard to Schedule II medications?

A)Records must be kept separate from other controlled substance inventory records
B)Schedule II medications must be physically counted, by hand
C)On hand quantities of Schedule II medications can be estimated if the package size is less than 1000 units
D)Schedule II medications in the pharmacy awaiting disposal must be counted as well

Question 16

Which of the following inventories needs to be completed every two years?

A)Inventory of all medications in the pharmacy
B)Inventory of all non-controlled medications
C)Inventory of all controlled substances, Schedule II - V
D)Inventory of only Schedule II medications

Question 17

Which of the following is a federally required inventory?

A)Annual inventory of all medications in the pharmacy
B)Biennial inventory of all non-controlled medications
C)Biennial inventory of all controlled substances, Schedule II - V
D)Annual inventory of only Schedule II medications

Question 18

Which of the following employees is responsible for maintaining the pharmacy's inventory?

A)Pharmacy manager
B)Pharmacists
C)Pharmacy technician
D)All of the above

Question 19

Which of the following inventory systems most accurately describes one in which medications are continuously ordered as the stock decreases to pre-determined minimum levels?

A)Perpetual inventory
B)Periodic inventory
C)Annual inventory
D)Occasional inventory

Question 20

How often must a complete inventory of Schedule III - V controlled substances be completed?

A)Every month
B)Every year
C)Every 2 years
D)Every 5 years

Question 21

Which of the following best describes the process of counting Schedule II medications for the biennial controlled substance inventory?

A)Only medications with a package size greater than 1000 units must be counted by hand
B)Only medications with a package size less than 1000 units must be counted by hand
C)All medications need to be counted by hand
D)All medication quantities can be estimated

Question 22

Which of the following medications is required to be inventoried on the effective date of the change listed?

A)A previously non-controlled medication that is added to the federal controlled substance scheduling system
B)A previously controlled medication that is removed from the federal controlled substance scheduling system
C)A non-controlled medication that has been recalled
D)A non-controlled medication that has outdated

Question 23

Which of the following medications does not need to be counted by hand during the biennial controlled substance inventory (consider all package sizes <1000 units)?

A)Morphine
B)Hydromorphone
C)Lorazepam
D)Concerta

Question 24

Which of the following medications needs to be counted by hand during the biennial controlled substance inventory (consider all package sizes <1000 units)?

A)Adderall XR
B)Diazepam
C)Hydrocodone/Acetaminophen
D)Phentermine

Question 25

Which of the following medications needs to be counted by hand during the biennial controlled substance inventory?

A)An open bottle of Vicodin with a package size of 2000
B)An open bottle of Vyvanse with a package size of 100
C)An open bottle of oxycodone with a package size of 10
D)All of the above

Question 26

Which of the following does not need to be counted by hand during the biennial controlled substance inventory?

A)An open bottle of alprazolam with a package size of 100
B)An open bottle of Vicodin with a package size of 500
C)An open package of testosterone with a package size of 30
D)None of the above

Question 27

During the biennial controlled substance inventory, you come across an open 500-count bottle of hydrocodone/acetaminophen 5/500. Which of the following is true for this medication?

A)You must count it by hand because it is a Schedule II medication
B)You must count it by hand because it is a Schedule III medication in a 500-count bottle
C)You do not need to count it by hand; the quantity on hand can be simply estimated, since it is a Schedule III medication in less than a 1000 count bottle
D)You do not need to count it by hand; the quantity on hand can be simply estimated since it is a Schedule III medication in less than a 5000 count bottle

Question 28

During the biennial controlled substance inventory, you come across an open 500-count bottle of oxycodone/acetaminophen 5/500mg tablets. Which of the following is true for this medication?

A)You must count it by hand because it is a Schedule II medication
B)You must count it by hand because it is a Schedule III medication in a 500-count bottle
C)You do not need to count it by hand; the quantity on hand can be simply estimated since it is a Schedule III medication in less than a 1000 count bottle
D)You do not need to count it by hand; the quantity on hand can be simply estimated since it is a Schedule II medication in less than a 5000 count bottle

Question 29

During the biennial controlled substance inventory, you come across an open 2000-count bottle of tramadol tablets. Which of the following is true for this medication?

A)You must count it by hand because it is a Schedule II medication
B)You must count it by hand because it is a Schedule III medication in a 2000-count bottle
C)You do not need to count it by hand; the quantity on hand can be simply estimated since it is a Schedule III medication in less than a 1000 count bottle
D)You do not need to count this item; it is not a federally controlled substance

Question 30

How often must a complete inventory of Schedule V controlled substances be completed?

A)Every month
B)Every year
C)Every 2 years
D)Every 5 years

Question 31

Which of the following is true regarding Schedule II controlled substance inventory records?

A)They must be kept with the Schedule III through V inventory records
B)They must be kept separate from Schedule III through V inventory records
C)They must be stored in a readily retrievable area for at least 2 years
D)Both B and C

Question 32

Which of the following is true regarding inventory records of Schedule III - V controlled substances?

A)They must be kept for at least 2 years in a readily retrievable location
B)They must be kept separate from Schedule II medication inventory records
C)They must reflect an inventory occurring every 2 years
D)All of the above

Question 33

Which of the following is true regarding inventory records of Schedule V controlled substances collected during the biennial controlled substance inventory?

A)They must be kept for at least 2 years in a readily retrievable location
B)They must be kept separate from Schedule II medication inventory records
C)They must reflect an inventory occurring every 2 years
D)All of the above

Question 34

Which of the following forms needs to be submitted to the DEA in order to request an authorization to dispose of damaged controlled substances?

A)Form 222
B)Form 41
C)Form 71
D)Form 106

Question 35

Which of the following pieces of information must be included on a completed DEA Form 41?

A)A list of all drugs that will be destroyed
B)The method of destruction of medications
C)The names of at least 2 people who will witness destruction
D)All of the above

Question 36

How long must records of the destruction of controlled substances be retained?

A)1 year
B)2 years
C)6 months
D)5 years

Question 37

Which of the following pharmacies would not be eligible for blanket authorization from the DEA to destroy controlled substances?

A)Hospital pharmacies
B)Long term care pharmacies that use injectable controlled medications
C)Clinic pharmacies that use injectable controlled medications
D)Chain retail pharmacies

Question 38

In pharmacies that have blanket authorization from the DEA to destroy controlled substances, which of the following types of employees may destroy controlled substances?

A)Pharmacists
B)Licensed pharmacy managers
C)Pharmacy technicians, with a pharmacist or nurse as a witness
D)All of the above

Question 39

Which of the following controlled medications may be destroyed by a pharmacy with blanket authorization from the DEA to destroy controlled substances?

A)Outdated controlled medications
B)Remaining controlled medication from a partially used ampule
C)Controlled medication returned to the pharmacy due to a patient passing away
D)All of the above