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Which of the following statements represents the primary function of inventory?
Suggested Answer: C
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31 comments · newest first
DE
Dell
11 months ago
Honestly, all options mention minimizing costs, but A feels the most complete.
AD
Adolph
11 months ago
D sounds right, but I’m surprised it’s even an option here.
MA
Mayra
12 months ago
C seems off to me; it’s not just about reducing ordering costs.
ST
Stephane
12 months ago
I think B makes a good point too, but A is more accurate.
AD
Adrianna
12 months ago
A is definitely the main goal of inventory management.
MI
Mike
1 year ago
I feel like option D might be right since it talks about buffering against delivery time, but I need to think more about how that relates to carrying costs.
SH
Shelba
1 year ago
I’m leaning towards option A because it mentions making products available, which seems crucial, but I’m a bit uncertain about the wording.
CO
Cory
1 year ago
I remember practicing a similar question, and I feel like minimizing total carrying cost is really important, but I can't recall which option emphasizes that the most.
MA
Margarita
1 year ago
I think the primary function of inventory is to make products available, but I'm not sure if that's the best answer here.
TR
Troy
1 year ago
I think I've got it. We need to calculate the weighted average number of shares outstanding during the year, and then divide the profit after tax by that number.
JA
Janey
1 year ago
I'm a little confused by the wording of the options. Does "multiple objects and hierarchies" mean it can rename objects and their associated families/types? Or is that a separate option? I'll have to read through this a few times to make sure I understand.
LO
Lorean
1 year ago
Hmm, I'm a bit unsure about this one. I know the cyber kill chain has different stages, but I'm not totally sure which one applies in this case.
EL
Elfrieda
1 year ago
The answer is clearly D. Buffering against delivery time is the whole point of having inventory, am I right? Anyone who thinks otherwise is a complete goofball.
TA
Taryn
1 year ago
I'm not sure, but I think B could also be a valid option. Realizing economies of scale while minimizing total carrying cost makes sense to me.
KA
Kathrine
1 year ago
I agree with you, A sounds like the correct answer.
HE
Helaine
1 year ago
I think the answer is A. Making products available while minimizing total carrying cost is the primary function of inventory.
JE
Jenifer
1 year ago
I'm not sure, but C seems the most logical to me. Reducing ordering costs is a key benefit of proper inventory management.
GO
Goldie
1 year ago
B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.
BI
Billy
1 year ago
B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.
OD
Odette
1 year ago
B) Realize economies of scale while minimizing total carrying cost
CL
Clarence
1 year ago
A) Make products available while minimizing total carrying cost.
HO
Howard
1 year ago
B sounds good. Economies of scale are important, and inventory helps achieve that while keeping costs down.
CA
Caprice
1 year ago
B) Realize economies of scale while minimizing total carrying cost
ST
Staci
1 year ago
A) Make products available while minimizing total carrying cost.
CH
Cherelle
1 year ago
I'm leaning towards A. Making products available while minimizing costs seems like the primary function of inventory to me.
WH
Whitney
1 year ago
Yeah, having products available while keeping costs low is essential for efficient inventory management.
LA
Laticia
1 year ago
I agree, A seems like the best option for the primary function of inventory.
AI
Aimee
1 year ago
Hmm, I think D is the correct answer. Inventory helps buffer against delivery times, which is crucial for keeping customers happy.
DO
Dong
2 years ago
I believe option A is the best choice because it ensures that products are available when needed while keeping costs low.
JA
Janey
2 years ago
I agree with Omega. Having inventory helps in meeting customer demand without incurring high carrying costs.
OM
Omega
2 years ago
I think the primary function of inventory is to make products available while minimizing total carrying cost.