Which of the Following Statements Holds True for Inventory Management

question 6

Multiple Choice

Which of the following statements holds true for inventory management?

• A)It refers to the process of forecasting, pricing, and customer segmentation.
• B)It refers to the process of purchasing, supplier selection, and supplier-base rationalization.
• C)It refers to the process of managing raw materials and finished goods.
• D)It refers to the process of aggregate planning, workforce scheduling, and factory operations.
• E)It refers to the process of establishing the facility location and formulating a distribution strategy.

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Definitions:

Financing Activity

Transactions related to raising capital and repaying investors, including issuing stock, paying dividends, and borrowing funds.

Net Income

A company's overall earnings following the deduction of all costs and taxes from its gross income.

Fiscal Year

A twelve-month period used for accounting purposes and preparation of financial statements, which may not align with the calendar year.

Withdrawals

The act of taking out cash or other assets from a business by the owner for personal use.