Attempting to Minimize Holding Costs by Not Taking Possession of Inventory

question 20

Multiple Choice

Attempting to minimize holding costs by not taking possession of inventory until it is needed in the production process is referred to as ______________________.

• A) Economic order quantity EOQ)
• B) Online transaction processing OLTP)
• C) Transportation management systems TMS)
• D) Just-in-time JIT)

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Definitions:

School Attendance

The act of being present at school and participating in educational activities, often tracked as an indicator of student engagement and educational access.

Mosquito Control

The management and reduction of mosquito populations to minimize their damage to human health, economies, and enjoyment.

Marginal Cost

The financial impact of producing one additional unit of a product or service.

Treatment

A specific procedure or method used to address a disease, condition, or injury.