The inventory management approach that attempts to minimize, if not eliminate, carrying and stockout costs is

A) materials requirements planning.
B) economic order quantity.
C) just-in-time inventory.
D) evaluated receipt settlement.

Answer: C) just-in-time inventory.

Business

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In the country of Normian Republic, an individual's right to own land is restricted to a large extent on the basis that it runs counter to "the common good."

In this context, which of the following is most likely to be the political system adopted by Normian Republic? A. Individualism B. Democracy C. Collectivism D. Capitalism E. Protectionism

Business

A manufacturer seeking to reduce the variability of the quality of purchased products should use multiple sourcing

Indicate whether the statement is true or false.

Business