When Maintaining Appropriate Inventory Level, a Purchasing Manager Should ________

question 174

Multiple Choice

When maintaining appropriate inventory level, a purchasing manager should ________.

• A) keep the inventory level low, to ensure that the firm's money is not being unwisely invested in excess resources
• B) ensure that all orders could be filled quickly, eliminating the need for back orders due to stockouts
• C) implement the production plan to acquire the desired amount of finished goods available on time at a low cost
• D) maintain adequate amount of inventory on hand at desired times and at a favorable price

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Definitions:

Too Narrow

Excessively limited in scope or applicability, potentially overlooking important aspects or excluding relevant information.

Broad

Wide in extent or scope; a term that can refer to an extensive range or be used to describe something with vast applicability or definitions.

Narrow

Limited in scope or extent; possibly missing broader perspectives or considerations.

Counterexamples

Specific cases or instances that prove a statement or argument to be false.