Which of the Following Inventory Management Techniques Would Help a Business

question 77

Multiple Choice

Which of the following inventory management techniques would help a business owner make the best use of his company's cash?

• A)Avoid overbuying inventory.
• B)Schedule inventory deliveries at the latest possible date.
• C)Purchase goods from the fastest suppliers who can meet quality standards to keep inventory levels low.
• D)All of the above

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Definitions:

Upward Communication

The flow of information from lower levels of a hierarchy to higher levels.

Downward Communication

Information flow from the higher levels of a hierarchy to the lower levels, typically used for instructions, performance feedback, and policy announcements.

Organizational Goals

The objectives or targets that an organization aims to achieve, which guide its operations and strategy.

Informal Networks

Informal networks refer to the social connections and channels of communication within an organization that are not officially designated or structured but play a crucial role in information flow and collaboration.