Match the Term with Its Definition

question 126

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method of reducing inventory carrying costs by making or buying what is needed just as it is needed

• 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:

Human Resource Managers

Professionals responsible for overseeing the various aspects of workforce management, including recruitment, training, and employee benefits.

Professional Environment

A workplace characterized by mutual respect, competence, and adherence to ethical standards and professional practices.

Knowledge-based Economy

An economic system where growth is primarily driven by the production, distribution, and use of knowledge and information.

Educational Attainment

The highest level of education an individual has completed, often used as a measure of skill and qualification for employment.