Which of the Following Inventory Management Techniques Would Work Best

question 74

Multiple Choice

Which of the following inventory management techniques would work best for firms where a small portion of inventory in terms of quantity might represent a large portion in terms of inventory value?

• A) ABC approach.
• B) EOQ model.
• C) Materials requirements planning.
• D) Just-in-time approach.
• E) Aging approach.

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Definitions:

Older Siblings

The child or children in a family who were born before other siblings, often taking on leadership roles and influencing the younger siblings' behavior and development.

Prefrontal Cortex

The part of the brain located at the front of the frontal lobe, important in decision making, cognitive control, social behavior, and emotional regulation.

Limbic System

A complex system in the brain involved in emotions, memories, and arousal (or stimulation).

Hypothalamus

A region of the brain that plays a crucial role in many essential functions, including hormone release, regulation of body temperature, and maintaining daily physiological cycles.