Match the Term with Its Definition

question 120

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method that provides for periodic counting of items in inventory

• A)ABC method
• B)Associative forecasting
• C)Cooperative purchasing organization
• D)Cycle counting
• E)Demand management strategies
• F)Economic order quantity
• G)Just-in-time inventory system
• H)Perpetual inventory system
• I)Physical inventory system
• J)Poka-yoke
• K)Statistical inventory control
• L)Two-bin inventory system

---

Definitions:

Mission Statements

Formal summaries of the aims and values of a company, organization, or individual, guiding its decision-making and path forward.

Organizational Goals

The objectives or desired outcomes that an organization aims to achieve over a specific period, guiding its strategic decisions and actions.

Societal Goals

Objectives or aims that benefit the larger community or society as a whole, rather than individual members or groups.

Visible Aspects

The elements or characteristics of something that are observable or can be seen directly.