Which of the Following Is NOT a Well-Known Technique for Managing

question 27

Multiple Choice

Which of the following is NOT a well-known technique for managing inventory?

• A) progressive inventory management (PIM)
• B) just-in-time inventory (JIT)
• C) materials requirement planning (MRP)
• D) economic order quantity (EOQ)
• E) kanban

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Definitions:

Average Rate of Return

A metric used to assess the profitability of an investment, calculated by dividing the average annual profit by the initial investment cost.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal installments.

Present Value

Present Value is the current worth of a future sum of money or stream of cash flows, given a specified rate of return.

Compound Interest

Calculating interest by considering the base amount of a deposit or loan and adding the interest accrued across preceding periods.