A Demand-Based Option in Which the Operations Department Uses Inventories

question 103

Multiple Choice

A demand-based option in which the operations department uses inventories and back orders to react to demand fluctuations is called

• A) hyperactive
• B) inactive
• C) proactive
• D) reactive
• E) retroactive

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Definitions:

Inter Vivos Gift

A gift made during the giver's lifetime, without expectation of death, transferring ownership immediately.

Legal Accept

Formal consent to the terms of an offer or agreement, thereby making it legally binding.

Donative Gift

A gift given without expectation of receiving something in return, intended as an act of generosity or charity.

True Value

The actual, inherent worth of an asset, not influenced by market conditions or sentimental perceptions.