The Need for One-Time Inventory Decisions Also Can Arise in Manufacturing

question 45

Short Answer

The need for one-time inventory decisions also can arise in manufacturing plants when ________ items are made to a single order and ________ are high.

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Definitions:

Annual Consumption

The total amount of goods and services used or consumed by individuals or groups within a one-year period.

Disposable Income

Disposable income refers to the amount of money that households have available for spending and saving after income taxes have been accounted for.

Aggregate Household Wealth

The total net worth held by the households in an economy, combining all assets minus liabilities.

Durable Goods

Things that last at least a year or two.