From an Operations Perspective, Inventory Represents a Margin of Safety

question 4

True/False

From an operations perspective, inventory represents a margin of safety to protect the business from unpredictable levels of demand.

---

Definitions:

Army Alpha

A historic written test developed by the United States Army during World War I to assess the intelligence and aptitude of military recruits.

Mental Test

An examination designed to measure cognitive abilities, intelligence, or specific mental functions.

Psychological Laboratories

Facilities equipped for experimental and research purposes in the field of psychology.

Stanford Achievement Test

A standardized test designed to measure the academic knowledge and skills of students in grades K through 12.