This Type of File Is Used to Update a Master

question 19

Multiple Choice

This type of file is used to update a master file:

• A)Roster Files
• B)Training files
• C)Master files
• D)Transaction files
• E)Integrated files

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Definitions:

Just-In-Time (JIT)

An inventory management strategy where materials and products are produced or acquired only as needed for immediate use, reducing waste and inventory costs.

Holding Inventory

The process of keeping stock of goods or materials on hand to protect against fluctuations in demand or supply.

Order Level Cost

The cost associated with maintaining inventory at a specified level, often including ordering and holding costs.

Collaborative Relationships

Collaborative relationships refer to partnerships or alliances between businesses or individuals that aim to achieve mutual goals or enhance operational efficiency through shared resources or knowledge.