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

---

Definitions:

Maximum Prosperity

The highest level of economic well-being and wealth generation achievable by an individual, organization, or economy.

Economic Gain

The increase in financial value or benefit that results from an investment or action.

Rational Consideration

The process of systematically evaluating available options based on logic, facts, and objective criteria before making a decision.

Management Approach

Strategies, philosophies, or methods adopted by leadership in governing, directing, and administering an organization to achieve its goals.