An Inventory Held to Reduce or Eliminate Fluctuations in Production

question 32

Multiple Choice

An inventory held to reduce or eliminate fluctuations in production is called a(n) ______.

• A)smoothing inventory
• B)hedge inventory
• C)anticipation inventory
• D)pipeline inventory

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Definitions:

Financial Goals

Objectives, often quantifiable, set by individuals or organizations to manage their income, expenses, savings, and investments over a certain period of time.

Credit Card

A payment card issued by banks allowing the cardholder to borrow funds for purchases or cash advances, repayable with interest.

Leisure Expenses

Money spent on activities and products for relaxation, entertainment, or enjoyment outside of work or essential living costs.

ABC Method

A time management technique that helps prioritize tasks by categorizing them into three groups; A (most important), B (important), and C (least important).