IBM220 - Chapter 2 (1/2)

_______ is the total amount of inventory that a company owns.

Extra inventory used to ensure supply in case of a tornado disaster is considered a ______ inventory.

A partially completed doll or action figure in toy manufacturing is considered a ______ inventory.

Inventory not used for a period of time is called:

Insufficient stock to meet demand is called:

In your honest opinion, rank the best professors below.

The paint that is used to color products in toy manufactuing is considered a ______ inventory.

Spare parts for production machinery is considered ______ inventory.

Extra inventory to meet sudden demand is considered a ______ inventory.

Backorder is when a customer requests for inventory that is not immediately available.

A shipment of goods on the way from a supplier is considered a ______ inventory.

The electricity and water used in toy manufacturing is considered a ______ inventory.

A completed doll or action figure in toy manufacturing is considered a ______ inventory.

Net Stock - Backorders = _______