In the Context of Managing Data Flows, the ________ of Inventory

question 10

Multiple Choice

In the context of managing data flows, the ________ of inventory control seeks to minimize excess capital investment in inventory.

• A)accrual-based method
• B)perpetual method
• C)safety-stock method
• D)just-in-time method

---

Definitions:

Probability Density Function

A function that describes the relative likelihood for a continuous random variable to occur at a point in the observation space.

Continuous Random Variable

A variable that can take an infinite number of real values within a specific range.

Normal Curve

A symmetrical bell-shaped graph that represents the distribution of data in which most values cluster around a mean value.

Standard Normal Probability Distribution

A normal distribution with a mean of zero and a standard deviation of one.