The Inventory Held in Case Demand Exceeds Expectation in Order

question 17

Multiple Choice

The inventory held in case demand exceeds expectation in order to counter uncertainty is called

• A) cycle inventory.
• B) safety inventory.
• C) seasonal inventory.
• D) sourcing.
• E) none of the above

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Definitions:

Evolution

The process by which different kinds of living organisms are thought to have developed and diversified from earlier forms during the history of the earth.

Natural Selection

An evolutionary biology mechanism where creatures that are more suited to their surroundings are more likely to live and have a higher number of descendants.

Behavior

The actions or reactions of a person or animal in response to external or internal stimuli.

Mental Process

Internal, subjective experiences and operations involved in cognition, such as perception, thought, memory, and reasoning.