Multiple Choice
Match the term with its definition. Some terms may not be used.
-A method of controlling inventory that uses a targeted service level, allowing statistical determination of the appropriate amount of inventory to carry
A) ABC method
B) Associative forecasting
C) Cooperative purchasing organization
D) Cycle counting
E) Demand management strategies
F) Economic order quantity
G) Just-in-time inventory system
H) Perpetual inventory system
I) Physical inventory system
J) Poka-yoke
K) Statistical inventory control
L) Two-bin inventory system
Correct Answer:

Verified
Correct Answer:
Verified
Q72: Quality is best defined as the totality
Q73: An example of associative forecasting is when
Q74: With acceptance sampling, having a smaller sample
Q75: The cost of getting quality right is
Q76: Measuring quality in a service business is
Q78: Match the term with its definition. Some
Q79: Match the term with its definition. Some
Q80: Unless a firm is planning to market
Q81: Which of the following is of greatest
Q82: The ideal quantity of an item for