Which of the Following Statements Represents the Primary Function of Inventory

question 81

Multiple Choice

Which of the following statements represents the primary function of inventory?

• A) Make products available while minimizing total carrying cost
• B) Realize economies of scale while minimizing total carrying cost
• C) Reduce ordering cost while minimizing total carrying cost
• D) Buffer against delivery time while minimizing total carrying cost

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Definitions:

Body Language

Non-verbal communication through physical behaviors, such as gestures, postures, and facial expressions, conveying emotions and intentions.

Personal Communication

involves direct, face-to-face interaction or the use of personal media to exchange messages between individuals for personal or private matters.

Cyber Loafing

The act of using the internet and digital devices for non-work-related purposes during work hours, leading to reduced productivity.

Employee Wage

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee.