A Model of Inventory Management That Identifies the Optimum Number

question 52

Multiple Choice

A model of inventory management that identifies the optimum number of items to order to minimize the costs of managing them is called the:

• A)just-in-time management model.
• B)flexible scheduling model.
• C)cost-plus model.
• D)economic order quantity model.
• E)value chain model.

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Definitions:

Employee Benefits

Non-wage compensation provided to employees in addition to their normal wages or salaries, including health insurance, pensions, and vacation.

Unemployment Taxes

Taxes imposed on employers at both federal and state levels to fund unemployment insurance benefits for workers who have lost their jobs.

Working Capital

The difference between a company's current assets and current liabilities, indicating the funds available for day-to-day operations.

Note Payable

A written promise to pay a specific sum of money to a creditor at a future date under specified terms.