Which of the Following Represents a Method of Managing Inventory

question 63

Multiple Choice

Which of the following represents a method of managing inventory designed to minimize a company's investment in inventories by scheduling materials to arrive at the time they are needed for production?

• A)The economic order quantity (EOQ)
• B)Material resource planning (MRP)
• C)First-in, first-out (FIFO)
• D)Just-in-time (JIT)

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Definitions:

Recognizing

The act of acknowledging or identifying something based on certain characteristics or criteria.