Which of the Following Is the Major Benefit to a Firm

question 58

Multiple Choice

Which of the following is the major benefit to a firm of using just-in-time inventory management?

• A) minimizes the risk of stock-outs
• B) minimizes the total number of orders that the firm places
• C) reduces acquisition costs for placing goods in inventory
• D) largely eliminates the carrying costs of maintaining a large inventory

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Definitions:

Kilocalories

A unit of energy measurement in nutrition, equal to 1000 calories, indicating the energy food provides.

Biologists

Scientists who study living organisms and their relationships to their environments, exploring the complexities of life processes.

Ultimate Source

The original or most authoritative point of information or origin.

Living Organisms

Any entity that exhibits the characteristics of life, such as growth, reproduction, responsiveness, and metabolism.