Match the Term with Its Definition

question 3

Multiple Choice

Match the term with its definition. Some terms may not be used.
-A method of inventory control based on the use of two containers for each item in inventory, one to meet current demand and the other to meet future demand

• 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:

Specific Organizations

Particular entities or groups formed for a distinct purpose, often structured and managed to meet a need or pursue collective goals.

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Scholastic Aptitude

A person's natural ability or potential for academic learning and performance.

Self-Assessment

The process of evaluating one’s own performance, strengths, and weaknesses.