Which of the Following Statements Regarding Control of Service Inventories

question 133

Multiple Choice

Which of the following statements regarding control of service inventories is true?

• A) Service inventory is a fictional concept, because services are intangible.
• B) Service inventory needs no safety stock, because there's no such thing as a service stockout.
• C) Effective control of all goods leaving the facility is one applicable technique.
• D) Service inventory has carrying costs but no setup costs.
• E) Good personnel selection, training, and discipline are easy.

Grasp the essentials of a visionary organization including its mission, vision, and value proposition.

Understand the role and impact of effective leadership in virtual and team-based organizations.

Recognize the importance of physical and virtual spaces in facilitating team communication.

Identify the mechanisms for developing effective teamwork.

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Definitions:

Social Value

The importance or benefits a project, policy, or action brings to the community or society at large, beyond just economic gains.

Private Cost

The cost incurred by an individual or company in producing goods or services, excluding externalities.

Private Value

The value of a good or service to an individual buyer or seller which is independent of the market price or the value others might derive from it.

Externalities

Results of business activities on external entities not considered in the product or service's price.