Which of the Following Is Not One of the Four

question 154

Multiple Choice

Which of the following is not one of the four main types of inventory?

• A) raw material inventory
• B) work-in-process inventory
• C) maintenance/repair/operating supply inventory
• D) safety stock inventory
• E) All of these are main types of inventory.

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Definitions:

Productivity Increase

A rise in the output of goods or services relative to the input of resources such as time or labor.

Performance Excellence

The achievement of outstanding performance in operations, customer satisfaction, and financial outcomes.

Peters and Waterman

Authors of "In Search of Excellence," a book that presents eight attributes that excellent companies have in common.

Value Chain

This concept describes the full range of activities that businesses go through to bring a product or service from conception to delivery to the final consumer.