_____ Helps Control Stocks by Mathematically Determining How Much to Automatically

question 91

Multiple Choice

_____ helps control stocks by mathematically determining how much to automatically order and when.

• A) Queuing theory
• B) Mathematical forecasting
• C) Inventory analysis
• D) Linear programming
• E) Network models

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Definitions:

Depreciation

A method to allocate the cost of a tangible asset over its useful life.

Utilities

Services such as electricity, gas, water, and sewer that are used by businesses and households, often considered basic necessities.

Raw Material

The basic material from which a product is made, typically unprocessed or minimally processed before being used in production.

Work in Process

The inventory account that records products in production but not yet completed.