What is anticipation inventory and what are the benefits and drawbacks of having it?
What will be an ideal response?
Anticipation inventory is inventory used to absorb uneven rates of supply or demand. A plant facing seasonal demand can produce at a constant rate year-round and merely store the production during the down phase of demand. A constant level of plant utilization is easier to manage. Anticipation inventory can be costly to hold depending on storage and spoilage rates and the company's cost of capital.
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Discuss some of the ways millennials are changing business operations to suit their preferences.
What will be an ideal response?
Identify the preposition or prepositions in the sentence. The capital of Bulgaria is Sofia
Which of the following would be considered a long-term asset?
A) Accounts Payable B) Land C) Cash D) Common Stock
The ability to relate the demand for an item shown on an MRP record back to the particular parent
causing the demand is called: A) relating. B) where-used. C) pegging. D) any one of the above E) none of the above