Which Would Be the Most Appropriate Method of Controlling Stock

question 22

Multiple Choice

Which would be the most appropriate method of controlling stock in a retail shop?

• A) Periodic Review
• B) Just-in-Time
• C) Order Point
• D) Two-Bin System
• E) Materials Requirements Planning

---

Definitions:

Production

The process of creating, expanding, manufacturing, or improving goods and services.

Isocost Line

Represents all combinations of inputs (like labor and capital) that cost the same amount for a firm, used in the analysis of optimal production decisions.

Slope

A measurement that indicates whether the relationship between variables is positive or negative and how much of a response there is in Y (the variable on the vertical axis) when X (the variable on the horizontal axis) changes.

Capital

Financial assets or the financial value of assets, such as funds held in deposit accounts and funds obtained from special financing sources.