Inventory Management Is Often Viewed as the Need to Keep

question 3

Multiple Choice

Inventory management is often viewed as the need to keep enough product on hand to avoid stock-outs,however the financial manager is concerned about:

• A)having a larger assortment than any of the competitors
• B)earning a reasonable rate of return on invested capital
• C)ordering the largest quantities possible to maximize quantity discounts
• D)maximizing the inventory

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Definitions:

TOF

Stands for "Timer Off-Delay," a function in PLC programming where a timer starts counting when the input turns off.

Timer Off-delay

A timing function in control systems that keeps the output active for a predetermined time after the input signal has been turned off.

Output Coil

In programmable logic controllers (PLCs), an output coil represents a device or actuator to be controlled by the PLC's program.

TON Instruction

A timer instruction used in programming that starts timing when the input condition becomes true and continues until the set time has elapsed.