Which of the Following Controls Can Minimize the Threat of Stockouts

question 48

Multiple Choice

Which of the following controls can minimize the threat of stockouts and excess inventory?

• A)The use of positive pay.
• B)Do not inform receiving employees about quantity ordered.
• C)The use of ERS.
• D)Perpetual inventory system.

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Definitions:

Arbitration

A form of dispute resolution in which a neutral third party, the arbitrator, makes a binding decision to resolve a dispute.

Mediation Strategy

A plan of action designed to facilitate the resolution of a dispute by involving a neutral third party.

Third-Party Intervention

Involvement by an outside party in a dispute to help resolve it, typically through mediation, arbitration, or conciliation.

Arbitrator's Decision

An arbitrator's decision is a binding resolution made by an arbitrator, a neutral third party chosen to settle a dispute between parties in arbitration.