The Quantity of Inventory That a Stage of the Supply

question 87

Multiple Choice

The quantity of inventory that a stage of the supply chain either produces or purchases at a given time is

• A)an order.
• B)a job.
• C)a shipment.
• D)a lot or batch.

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Definitions:

Fraction

A numerical quantity that is not a whole number, represents a part of a whole, typically written with a numerator and a denominator separated by a slash.

Consumers

Individuals or households that use goods and services generated within the economy.

Import Quota

A restriction set by the government on the amount or cost of products allowed to be brought into a country from abroad.

Tariff

A tax imposed by a government on goods and services imported from other countries.