The Practice of Purchasing and Accepting Delivery of Inventory Only

question 40

Multiple Choice

The practice of purchasing and accepting delivery of inventory only after it has been sold to the final customer is termed as _____.

• A) perpetual inventory
• B) point-of-sale system
• C) just-in-time inventory
• D) optimum stocking level

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Definitions:

American Psychological Association

A professional organization representing psychologists in the United States, dedicated to advancing psychology as a science and profession.

Potent Source

An influential and powerful origin or foundation for information, motivation, or authority.

Psychological Reaction

The mental and emotional response of an individual to a particular situation, event, or stimulus.

Inherent

Intrinsic or natural characteristics that are permanently embedded within an entity or individual.