Some Companies View Finished Goods Inventories as Being Beneficial in That

question 58

Multiple Choice

Some companies view finished goods inventories as being beneficial in that it helps minimize disruptions and some view it as a:

• A) mistake in production planning.
• B) liability.
• C) hazard.
• D) necessity.

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Definitions:

Production Efficiency

A state in which a system or process operates at the maximum capacity, using the least amount of resources and time, without compromising the quality of its output.

Selective Service Act

Law passed in 1917 to quickly increase enlistment in the army for the United States’ entry into World War I; required men to register with the draft.

Enlistments

The act of voluntarily joining the armed forces or a similar organization, often associated with military service.

Soldiers

Individuals serving in an army, whether voluntarily or through conscription, who undergo military training and participate in warfare or peacekeeping missions.