If Planned Inventories Are _______ Actual Inventories, Then Demand Will

question 36

Multiple Choice

If planned inventories are _______ actual inventories, then demand will be _______ than anticipated.

• A) greater than; higher
• B) less than; lower
• C) equal to; higher
• D) greater than; lower

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Definitions:

Business

An organization or enterprising entity engaged in commercial, industrial, or professional activities with the aim of generating profits.

Umbrella Liability

A package of several kinds of insurance.

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people or property.

Economical Premium

A cost-effective payment or fee, usually for insurance, that provides value or savings over time.