A Product That May Be Consumed Throughout the Year,but Has

question 67

Multiple Choice

A product that may be consumed throughout the year,but has seasonal periods where consumption is higher would most logically employ a(n) _____ scheduling method.

• A)continuous
• B)pulsing
• C)flighting
• D)oscillating
• E)weighted ratings

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Definitions:

Creditors

Individuals or institutions that lend money or extend credit, and are thus owed repayment by the borrower or debtor.

Just-In-Time Inventory

An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.

Inventory Levels

A measure of the quantity of goods and materials on hand in a business at any given time.

Planning

The process of defining goals, establishing strategies, and outlining tasks and schedules to achieve the goals.