Jim Is in Charge of Inventory Control for His Company

question 50

Multiple Choice

Jim is in charge of inventory control for his company. He has parts and materials set aside that are not to be used unless absolutely necessary. Jim uses a ________ inventory control system.

• A)just-in-time
• B)reserve stock system
• C)book stock
• D)manual eyeballing

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Definitions:

Productivity

The measure of efficiency in converting inputs into useful outputs, typically assessed in terms of the ratio of output to input.

Organizational Charts

Diagrams that display the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Lateral Associate

A professional, often in law or consulting firms, hired from another organization with similar experience, to work at a comparable level rather than being promoted from within.

Quality Partner

An entity or individual that collaborates with an organization to ensure the products or services meet specified quality standards.