Additional Inventory That Is Kept Over and Above the Average

question 45

Multiple Choice

Additional inventory that is kept over and above the average amount required to meet demand is called _____ inventory.

• A) seasonal
• B) work-in-process
• C) finished goods
• D) safety stock

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Definitions:

Conscious Supervision

This term refers to the deliberate and aware monitoring and guiding of processes or activities, often by someone in a position of authority.

Perception

The cognitive process that interprets and makes sense of the information gathered through the senses, forming our awareness of the environment.

Awareness

The knowledge or perception of a situation or fact; consciousness about something.

Ineffable

That which is too great or intense to be expressed in words; incapable of being described or explained.