Which of the Following Is a Method of Inventory Cost

question 4

Multiple Choice

Which of the following is a method of inventory cost management that seeks to eliminate excess inventory?

• A) lean production
• B) sustainable production
• C) just-in-time production
• D) supply chain simplification

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Definitions:

Second World War

A global conflict from 1939 to 1945, involving most of the world's nations, characterized by significant battles, genocide, and the ultimate use of nuclear weapons.

Anticommunist Hysteria

describes the fear and suspicion of communism that spread in the United States, especially during the Cold War, leading to widespread accusations and investigations of un-American activities.

Truman's Response

Refers to President Harry S. Truman's policies and actions in response to particular events or challenges during his presidency, such as the use of atomic bombs or the start of the Cold War.

Late 1940s

The end of the decade following World War II, from 1945 to 1949, marked by significant political, social, and economic changes worldwide.