One of the Traditional Reasons for Holding Inventory Is to Take

question 100

Multiple Choice

One of the traditional reasons for holding inventory is to take advantage of quantity discounts and hedge against future price increases. The JIT solution is to

• A)reduce setup costs.
• B)reduce lead time.
• C)use long-term contracts with suppliers.
• D)use total quality control.

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Definitions:

Malignant Tumor

A type of tumor that invades surrounding tissues, is capable of spreading to other parts of the body, and can be life-threatening.

Connective Tissue

A category of body tissue that plays a role in supporting, connecting, or distinguishing different organs and tissue varieties.

Sarcoma

Malignant neoplasm derived from connective tissue.

Carcinoma

Malignant neoplasm derived from epithelial tissue.