Which of the Following Is a Well-Known Technique for Managing

question 57

Multiple Choice

Which of the following is a well-known technique for managing inventory?

• A)progressive inventory management (PIM)  
• B)stock out avoidance (SOA)  
• C)materials requirement planning (MRP)  
• D)excess inventory movement (EIM)

Identify and describe the diversity of marine life forms and their ecological significance.

Recognize the impact of human activities on marine biodiversity and ecosystem health.

Assess the effectiveness of conservation strategies and regulatory measures in protecting marine biodiversity.

Explain the ecological importance of marine wetlands and the consequences of their loss.

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Definitions:

Business Activities

Various operations, tasks, and functions carried out by a company in pursuit of its economic goals.

Drawing

The account used to record amounts withdrawn by an owner of a proprietorship.

Closing Entry

Journal entries made at the end of an accounting period to transfer temporary account balances to permanent accounts, clearing out revenues and expenses for the next period.

Wages Expense

The total cost incurred by a company for paying its employees, often reflected as an operating expense on the income statement.