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Which of the Following Is a Method of Inventory Control

question 245

Multiple Choice

Which of the following is a method of inventory control in which materials are acquired and put into production just as they are needed?


Definitions:

Contract Performance

The carrying out of the duties and obligations as stipulated in a contract by the involved parties.

Subrogation Right

The right for an insurer to pursue a third party that caused an insurance loss to the insured, in order to recover the amount of the claim paid.

Insurance Company

An organization that offers risk management to individuals or entities by providing compensation for losses in exchange for premium payments.

Insured

A person or entity covered by an insurance policy, protecting them against loss or damage specified in the policy.

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