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CHL IAHCSMM TEST PREP BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
1. The funds an organization has available to conduct its daily
activities; the amount by which current assets exceed current
liabilities - correct answer -working cappital
2. A service in which a vendor stocks and maintains a facility's
inventory to agreed- upon levels and then issues a monthly (or
other time period invoice for all items used - correct answer -
vendor managed inventory
3. The process used to determine the value of a fixed asset
during a specific accounting period that is assumed to have
been "used up during the period: - correct answer -depreciation
4. General provisions that apply to a supplier's price quotations
and a buyers purchase orders that apply regardless of the
specific products or services being purchased - correct answer
-terms and conditions
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5. An organization that obtains contract pricing for high volume
purchases of items with a common specification on behalf of its
facility members - correct answer -group purchasing
organization
6. A network that connects several near-by computers so they
can share files and devices such as printers - correct answer -
local area network (LAN)
7. A configuration of computers that enables users to share data'
programs, and devices such as printers - correct answer -
network
8. A terminal with a display monitor' keyboard and, perhaps, a
mouse, but with no processing ability or hard drive - correct
answer -dumb terminal
9. A network link through which only authorized data can pass
that keeps computers safe from hackers and hardware failures
that occur elsewhere - correct answer -firewall
CHL IAHCSMM TEST PREP BRAND
NEW OFFICIAL QUESTIONS WITH
ANSWERS.
1. The funds an organization has available to conduct its daily
activities; the amount by which current assets exceed current
liabilities - correct answer -working cappital
2. A service in which a vendor stocks and maintains a facility's
inventory to agreed- upon levels and then issues a monthly (or
other time period invoice for all items used - correct answer -
vendor managed inventory
3. The process used to determine the value of a fixed asset
during a specific accounting period that is assumed to have
been "used up during the period: - correct answer -depreciation
4. General provisions that apply to a supplier's price quotations
and a buyers purchase orders that apply regardless of the
specific products or services being purchased - correct answer
-terms and conditions
, Page | 2
5. An organization that obtains contract pricing for high volume
purchases of items with a common specification on behalf of its
facility members - correct answer -group purchasing
organization
6. A network that connects several near-by computers so they
can share files and devices such as printers - correct answer -
local area network (LAN)
7. A configuration of computers that enables users to share data'
programs, and devices such as printers - correct answer -
network
8. A terminal with a display monitor' keyboard and, perhaps, a
mouse, but with no processing ability or hard drive - correct
answer -dumb terminal
9. A network link through which only authorized data can pass
that keeps computers safe from hackers and hardware failures
that occur elsewhere - correct answer -firewall
