Match the Term with Its Definition

question 100

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method for keeping a running record of 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

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Definitions:

Crowdsourcing

Soliciting insights, information, or assistance for a project or task from a wide audience, mainly using the internet.

Big Data

Large and complex data sets that are challenging to process using traditional data-processing software but can reveal patterns, trends, and associations.

Real Time

Information processing that occurs simultaneously with event occurrence, without noticeable delay.

Digital Sources

Online materials or platforms that provide information or data.