Products That Are Used Indirectly Are Known as ____________ Inventory

question 5

Multiple Choice

Products that are used indirectly are known as ____________ inventory:

• A) Cycle stock
• B) Anticipation inventory
• C) MRO
• D) Safety stock
• E) Pipeline inventory

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Definitions:

Credit Terms

These are the payment conditions imposed by the seller on the buyer, including payment deadline, discount for early payment, and penalty for late payment.

Discount Period

The time frame between the purchase of a bill or note and its maturity date, during which the bill is discounted from its face value.

Production Run

A period during which a particular batch of goods is manufactured.