Which of the Following Is a Function of the Inventory

question 26

Multiple Choice

Which of the following is a function of the inventory application of manufacturing?

• A)supporting/evaluating policy
• B)creating and maintaining bill of materials
• C)scheduling and controlling machines in accordance with production schedules
• D)creating and maintaining master production schedules

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Definitions:

Constrained Resource

A limiting factor or scarce resource in a production process that restricts the company's ability to meet demand.

Current Profitability

A measure of the current efficiency and performance of a business in generating profit, often assessed over a short-term period.

Constrained Resource

Refers to a limited factor that restricts a company's ability to produce goods or services, such as a machine with finite capacity or limited labor.

Profitable Use

The application or employment of an asset or resource in a manner that generates income or profit.