WGU C215 CH12 Pre/Post Quiz & Practice, Top Questions with accurate answers, rated A+. verified.

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WGU C215 CH12 Pre/Post Quiz & Practice, Top Questions with accurate answers, rated A+. verified. raw materials inventory - ✔✔-What are purchased items or extracted materials that will be tran... sformed into components or products called? anticipation inventory - ✔✔-Which inventory function specifically is designed to allow the company to maintain a level production strategy? anticipation inventor - ✔✔-Which is the primary inventory function that is activated after coupons are distributed to customers? (tD)/365 - ✔✔-Which of the following allow you to calculate the average amount of inventory in transit? whether the product is available when the customer wants it. - ✔✔-In inventory management, when discussing customer service we mean: annual cost of goods sold / average inventory in dollars - ✔✔-What is the formula for inventory turnover? inventory building to leverage reduced setup costs - ✔✔-Companies can achieve cost-efficient operations by using which of the following inventory approaches? continuous operations - ✔✔-If inventory records fail to accurately reflect the quantity of materials available, all except which of the following may occur? poor customer service, lower productivity, poor material planning, excessive expediting - ✔✔-Name four effects if inventory records fail to accurately reflect the quantity of materials available Periodic counting generally counts every item in stock, whereas annually cycle counting generally does not daily. - ✔✔-Which of the following statements is true? JIT inventory - ✔✔-Which of the following is not one of the six ways to use inventory? anticipation inventory/seasonal inventory [Show More]

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