The Function of Business Responsible for Providing the Information Used

question 47

Multiple Choice

The function of business responsible for providing the information used by other functional areas to perform their jobs is referred to as:

• A)production and operations
• B)human resources
• C)marketing
• D)accounting and information systems

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Definitions:

Pipeline Inventory

Inventory that is currently in transit between locations or stages in a supply chain. It represents goods that are not yet available for sale or use.

Periodic Review System

A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.

Order Up To Level

A replenishment strategy where inventory is restocked to a predetermined level each time an order is placed to maintain stock availability.

Lot Size

The quantity of inventory items that a company orders or produces in a single production run or order, affecting inventory costs and management strategies.