The ________ Is an Inventory Technique That Takes into Account

question 73

Multiple Choice

The ________ is an inventory technique that takes into account various operating and financial costs to determine the order quantity for a specific inventory item.

• A) JIT system
• B) ABC system
• C) EOQ model
• D) LIFO model

---

Definitions:

Subsidies

Financial contributions provided by governments to support businesses, reduce the prices of commodities, or encourage activities beneficial to the public interest.

Freedom To Farm Act

A law passed in 1996 in the United States designed to phase out certain agricultural subsidies and give farmers more planting flexibility.

Transition Payments

Payments made to individuals or companies to facilitate adjustment to a new economic condition or policy.

Price Supports

Government interventions or policies to maintain the price of a commodity at a certain level to protect producers from price fluctuations.