Which of the Following Is a Disadvantage of Excessive Inventory

question 23

Multiple Choice

Which of the following is a disadvantage of excessive inventory?

• A)it creates an unnecessary waste of scarce resources.
• B)It leads to higher inventory ordering cost.
• C)It leads to lower average inventory.
• D)It eliminates cycle stock.
• E)It reduces the need to conduct cycle count.

Distinguish between transcendent and actualizing values in CNPM.

Interpret the structure and interconnectedness of services in CNPM.

Explain the concept of community within CNPM.

Understand the concept of simple random sampling and its importance in statistical inference.

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Definitions:

Federal Legislation

Laws enacted by the national government of a country.

Sherman Act

A landmark federal statute in the field of United States antitrust law passed in 1890 which prohibits monopolistic business practices.

Channel Practices

The strategies and activities firms use in selecting, managing, and motivating individual channel members and evaluating their effectiveness.

Economic Influence

The impact that economic factors, policies, and conditions have on the behavior of individuals, businesses, and governments.