Which of the Following Is Usually NOT a Reason Why

question 82

Multiple Choice

Which of the following is usually NOT a reason why warehouses are used as intermediate storage facilities?

• A)An imbalance always exists between the quantity of goods produced and the demand for these goods.
• B)Warehouses enable companies to regulate the rate of flow of goods between production and consumption points.
• C)Warehouses enable businesses to take advantage of volume discounts in procurement of raw materials.
• D)Warehouses comply with regulations governing maintenance of minimum inventories.

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Definitions:

Doctrine of Substantial Performance

A legal principle acknowledging that if a party has performed enough of its contractual obligations, it may warrant payment, minus damages for incomplete work.

Complete Performance

Contract performance that occurs when all aspects of the parties’ duties under the contract are carried out perfectly.

Complete Performance

The situation where all terms of a contract have been fully met by the parties involved.

Parties' Duties

Responsibilities and roles defined within a contract or agreement that must be performed by the entities involved.