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)

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Definitions:

Machinery

Equipment or devices that perform specific tasks, often used in production and manufacturing processes.

Cash

A form of currency that includes coins and paper notes, used as a medium of exchange for goods and services.

Fixed Asset Turnover

A financial ratio that measures a company's efficiency in using its fixed assets to generate sales.

Generating Sales

The process of creating revenue for a company through selling goods or services.