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:

Organization's Culture

The shared values, traditions, norms, customs, and general behavior patterns that define how things are done within an organization.

Ceremonies

Formal events, often ritualistic in nature, conducted by organizations or social groups to commemorate or celebrate specific occasions.

Rituals

Established procedures or ceremonies that are followed regularly, often having symbolic significance in organizations or cultures.

Corporate Culture

The shared values, beliefs, and practices that characterize an organization and influence its employees' behavior.