Which of the Following Represents a Method of Managing Inventory

question 105

Multiple Choice

Which of the following represents a method of managing inventory designed to minimize a company's investment in inventories by scheduling materials to arrive at the time they are needed for production?

• A)The economic order quantity EOQ)
• B)Material resource planning MRP)
• C)First-in, first-out FIFO)
• D)Just-in-time JIT)

---

Definitions:

Positivism

A philosophical stance advocating that knowledge is only derived from logical and empirical observations, emphasizing the importance of observable evidence.

Dichotomous Conclusions

Findings or results that present an either-or situation, typically dividing outcomes into two distinct categories without overlap or continuum.

Universal Truth

A fundamental principle or fact that is valid at all times and in all places.

Scientific Method

A systematic and logical approach to discovering how things in the universe work, involving observation, hypothesis, experimentation, and conclusion.