Which of the Following Is Not a Type of Inventory

question 70

Multiple Choice

Which of the following is not a type of inventory management system?

• A) order book system
• B) computerized inventory system
• C) automated dispensing system
• D) point-of-sale system

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Definitions:

Price Rise

An increase in the price level of goods and services, often measured by inflation rates or observed in market price adjustments.

Comparative Advantage

The ability of a country to produce a good or service at a lower opportunity cost than its trading partners.

Fewer Resources

The state of having limited amounts of inputs required to produce goods and services, such as capital, labor, and materials.

Exchange Rates

The worth of a currency when converted into another, establishing the quantity of one currency that can be swapped for another.