__________ ensures that an inventory is only big enough to meet immediate needs.
A) Financial planning
B) Management control
C) Inventory control
D) Direct control

Question

Quizplus · Accepted Answer

Inventory control involves monitoring inventory levels and making sure there is not too much excess that can lead to waste or financial strain. It ensures that the inventory is just enough to meet immediate needs and avoids tying up too much capital in inventory. Financial planning and management control may be related to inventory control but are not specifically focused on controlling inventory levels. Direct control is too broad and does not specifically address inventory management.

__________ Ensures That an Inventory Is Only Big Enough to Meet