The activities related to coordinating, controlling and planning flow of inventory are classified as ___________?
Correct answer: A. inventory management
- A. inventory management
- B. throughput management
- C. decisional management
- D. manufacturing management
Explanation
Inventory management covers planning, coordinating, and controlling the movement and level of inventory. Manufacturing management is broader and includes the whole production function, not only inventory flow.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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