Which of the Following Is Not True of Inventory Management

question 80

Multiple Choice

Which of the following is not true of inventory management?

• A) Inventory management is a data-driven approach to making intelligent cost and customer service driven decisions.
• B) The goal, in most cases, is to generate revenue by minimizing stock-outs while keeping costs at a reasonable level.
• C) If Jimmy became unavailable all of a sudden, the business has no inventory management system.
• D) Smaller-sized operations are especially vulnerable to inventory risks.

Learn how to manage cash efficiently through the cash conversion cycle.

Understand how to calculate and interpret days sales outstanding (DSO).

Distinguish between accounts payable and accounts receivable.

Identify different types of cash flows and their impacts.

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Definitions:

Self-reliant

The ability to depend on oneself for most needs and to make independent decisions and judgments.

Adolescents

Individuals in the transitional phase of growth and development between childhood and adulthood, often characterized by rapid physical, emotional, and social changes.

Personal Feelings

Individual emotions or affective states that are internal and subjective experiences.

Organized Group Activities

Structured social or recreational events, often planned or facilitated by a leader or organization, aimed at achieving specific goals or fostering certain skills or relationships.