The ________ Is an Inventory Management Technique That Compares Production

question 3

Multiple Choice

The ________ is an inventory management technique that compares production needs to available inventory balances and determines when orders should be placed for various material inputs.

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

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Definitions:

Expression

A combination of numbers, variables, and operations that together represent a particular value.

Positive Exponents

Represent numbers multiplied by themselves a certain amount of times, indicating a base raised to the power of a positive number.

Expression

A combination of numbers, variables, and mathematical operations that represents a particular value.

X

Often used in mathematics as a variable or unknown value in equations and algebraic expressions.