To Reduce Inventory Management Costs, Many Companies Use a System

question 8

Multiple Choice

To reduce inventory management costs, many companies use a system called ________, which involves carrying only small inventories of parts or merchandise, often only enough for a few days of operation.

• A) just-in-time (JIT)
• B) level loading
• C) stock-outs
• D) logistics management
• E) enterprise resource planning (ERP)

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Definitions:

Boer War

Conflicts between the British Empire and the Boers of the Transvaal and Orange Free State in South Africa between 1880-1881 and 1899-1902.

Colonial Conflicts

Disputes and wars between colonial powers and indigenous peoples or among colonial powers themselves over land, resources, or political dominance.

Anglo-French Rivalry

A series of military, colonial, and economic conflicts between Britain and France that spanned several centuries, impacting global politics and territories.

Fashoda Affair

A diplomatic crisis between France and Britain in 1898 over control of Sudan, highlighting imperial rivalries and leading to the eventual Entente Cordiale.