________ Should Be Monitored Regularly to Ensure That All Possible

question 90

Multiple Choice

________ should be monitored regularly to ensure that all possible protective precautions are in place.

• A)Information controls
• B)Strategic controls
• C)Concurrent controls
• D)Data controls

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Definitions:

Safety Stock

A quantity of inventory maintained to guard against shortages or delays in supply or demand, acting as a buffer.

Stockouts

Situations where demand cannot be fulfilled because the inventory of a product is exhausted, often resulting in lost sales or customer dissatisfaction.

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, handling, depreciation, and opportunity costs.

Safety Stock

Additional inventory kept on hand to guard against fluctuations in demand or supply, ensuring that sufficient quantities are available to meet customer needs.