Observation Means to Collect Data by _____

question 22

Multiple Choice

Observation means to collect data by _____.

• A) viewing
• B) listening
• C) touching
• D) smelling
• E) all of the above

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Definitions:

Cycle Inventory

Inventory that is held to manage the normal fluctuation of production or supply and demand, rotating through cycles of replenishment.

Safety Inventory

Extra stock kept in storage to guard against uncertainty in demand or supply, ensuring product availability.

Seasonal Inventory

Inventory that is purchased or produced in anticipation of season-based demand increases, such as holiday merchandise.

Strategic Fit

The alignment between an organization's strategies, resources, and capabilities with its external environment to achieve long-term objectives.