Inventory Managers at SYX Enterprises Utilize an Inventory Control System

question 145

Multiple Choice

Inventory managers at SYX Enterprises utilize an inventory control system where materials are scheduled to arrive just as they are needed on the production line. This is referred to as:

• A) restructuring.
• B) force-field control.
• C) total quality management.
• D) just-in-time inventory control.
• E) none of these.

---

Definitions:

Firm's Output

The total quantity of goods or services produced by a company over a specific period.

Shutdown Point

The level of production and price point at which a company's revenue just covers its variable costs, below which the firm would cease operations to minimize losses.

Firm's Output

The total quantity of goods or services produced by a company within a specific time period.

Lowest Price

The minimum cost at which a good or service is offered in the market, representing the least amount a seller is willing to accept.