The Management at Barks-A-Million Is Considering a New Inventory Control

question 7

Multiple Choice

The management at Barks-a-Million is considering a new inventory control system.The current system is inadequate because it frequently causes stockouts that interrupt production and lead to excess stock of other materials - resulting in markdowns and high carrying costs.The new system,which will focus on forecasting demand for Sad Clown's products,will likely employ

• A) a just-in-time inventory system.
• B) the economic order quantity.
• C) materials requirements planning.
• D) a reorder point.

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Definitions:

Holographic Will

A will entirely handwritten, signed, and dated by the person making it, often without the presence of witnesses.

Testator

A person who makes a will.

Heirs

Individuals legally entitled to inherit a deceased person's property or title.

Escheats

This refers to the state's right to take ownership of property if the owner dies without a will and without heirs.