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:

Fine Motor Skills

The ability to coordinate small muscle movements, often involving the synchronization of hands and fingers with the eyes.

Simple Shapes

Basic geometric forms without complicated detail, such as circles, squares, and triangles.

Cognitive Development

The process by which individuals acquire and understand knowledge, develop problem-solving skills, and reason over time.

Fine Motor Skills

The ability to coordinate small muscle movements, particularly involving the synchronization of hands and fingers with the eyes.