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Which of the following describes cycle inventory? ANSWER Unselected The portion of total inventory that varies directly with lot size Unselected Inventory that is created

Which of the following describes cycle inventory? ANSWER Unselected The portion of total inventory that varies directly with lot size Unselected Inventory that is created when an order for an item is issued, but not yet received Unselected Inventory used to absorb uneven rates of demand or supply Unselected Surplus inventory that protects against uncertainties in demand

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