Excessive In-Process Inventory Is Often Caused By

question 82

Multiple Choice

Excessive in-process inventory is often caused by:

• A)schedule slippage.
• B)over-ordering supplies.
• C)lack of available resources.
• D)too much labor.

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Definitions:

Control

The process by which an organization ensures that activities are being executed according to plan and adjusts as necessary to achieve objectives.

Authorize

To officially empower someone or grant permission for something to happen.

Appreciate

To recognize the full worth of something or to be grateful for something or someone.

Subsystem Controls

Mechanisms put in place to monitor and regulate the operations of individual components of a larger system to ensure efficiency and effectiveness.