Which of the Following Inventory Practices Seeks to Boost Efficiency

question 77

Multiple Choice

Which of the following inventory practices seeks to boost efficiency by cutting inventories to absolute minimum levels?

• A)Inventory bounce
• B)Just-in-time policy
• C)Stock obsolescence
• D)Perpetual inventory management

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Definitions:

Downward Communication

The flow of information from higher levels of organizational hierarchy to lower levels, typically from management to employees.

Formal Communication Network

An established system of information exchange within an organization, utilizing formal channels and protocols.

Organizational Chart

A diagram that shows the structure of an organization and the relationships and relative ranks of its parts and positions/jobs.

Formal Communication Network

An organized system of channels and pathways for the exchange of information within an organization following official protocols.