Which of the Following Is a Function of Inventory

question 152

Multiple Choice

Which of the following is a function of inventory?

• A) to decouple or separate parts of the production process
• B) to decouple the firm from fluctuations in demand and provide a stock of goods that will provide a selection for customers
• C) to take advantage of quantity discounts
• D) to hedge against inflation
• E) All of the above are functions of inventory.

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Definitions:

Economic Development

The process by which a nation improves the economic, political, and social well-being of its people, often measured by increases in GDP, literacy rates, and access to healthcare.

Infrastructure

The fundamental facilities and systems serving a country, city, or area, including transportation, communication, utilities, and public services.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and operating a new business or venture to bring innovations or new products to market.

Saving and Investment

The process of setting aside money for future income or profit, including purchasing assets like stocks, bonds, or real estate.