← Inventory Management – PTCB Pharmacy Technician Certification

Free Inventory Management – PTCB Pharmacy Technician Certification Practice Test (2026)

90 questions · 110 min · 1,400 Scaled

90 Questions · 110 Minutes · 1,400 Scaled

Question 1 of 5

Sample Questions

Question 1

What is the term for the minimum stock level at which a new order must be placed to avoid running out of a medication?

Answer: The reorder point (also called the par level minimum). When stock falls to this predetermined quantity, a replenishment order is triggered.

Question 2

What does the acronym 'WAC' stand for in pharmacy purchasing?

Answer: Wholesale Acquisition Cost. It is the manufacturer's list price to wholesalers before any discounts or rebates are applied.

Question 3

What is the primary advantage of using a prime vendor purchasing agreement for a pharmacy?

Answer: It provides discounted pricing, streamlined ordering, and consistent supply by committing the majority of purchases to one wholesaler.

Question 4

What document must a pharmacy send to a drug wholesaler to return damaged or recalled medications for credit?

Answer: A credit memo or return authorization form. This document initiates the return process and ensures the pharmacy receives appropriate credit.

Question 5

What type of purchasing system automatically generates orders based on predetermined stock levels without manual intervention?

Answer: An automated or perpetual inventory system. It continuously tracks stock and places orders when quantities fall to the reorder point.