The Three Basic Measures of Inventory Are Average Aggregate Inventory

question 116

True/False

The three basic measures of inventory are average aggregate inventory, weeks of supply, and inventory turnover.

---

Definitions:

Negligent

Failing to take proper care in doing something, resulting in damage or harm to another person.

Employer

An individual or organization that hires and pays people to work on its behalf, usually in return for a salary or wages.

Age Discrimination in Employment Act

A U.S. federal law that aims to protect job applicants and employees 40 years of age and older from discrimination based on age in hiring, promotion, discharge, compensation, or terms, conditions, or privileges of employment.

Bona Fide Seniority System

A bona fide seniority system is a legal mechanism within an organization that allows for employee benefits and opportunities based on the length of service, accepted as legitimate if it is not intended to discriminate.