Inventory That Acts as a Buffer Between Workstations in Flow

question 65

Multiple Choice

Inventory that acts as a buffer between workstations in flow shops or departments in job shops is called ____ inventory.

• A)Raw materials
• B)Work-in-process
• C)Cycle stock
• D)Safety stock

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Definitions:

Sellers

Individuals or entities that offer goods or services for sale in the marketplace.

Buyers

Individuals or entities that make purchases of goods and services either for personal use, resale, or use in production.

Quantity Demanded

Refers to the total amount of a good or service that consumers are willing and able to purchase at a specific price in a given period of time.

Quantity Supplied

The measure of goods or services that producers intend and are able to put on the market at a chosen price for a specified duration.