_____ Is a Method of Developing and Maintaining an Adequate

question 93

Multiple Choice

_____ is a method of developing and maintaining an adequate assortment of materials or products to meet a manufacturer's or a customer's demand.

• A) The materials-handling system
• B) An inventory control system
• C) Direct sourcing
• D) Contract logistics
• E) Warehousing

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Definitions:

Goods-in-bailment

Items that are temporarily delivered to someone (the bailee) for custody or storage, without transfer of ownership.

Deliver to Order

A stipulation in shipping where goods are delivered to a specific party as per the instructions of the shipping document or bill of lading.

Innocent Purchaser

A legal term for someone who buys property without knowledge of any existing claims, disputes, or flaws affecting the property's title.

Stolen Vehicle

A vehicle taken without the owner's consent, often referred to as theft.