Answer: Inventory Management System
Explanation:Inventory Management System is a system whereby an organisation manages its inventory system. It uses a computer software that tracks its inventory levels as well as manages the stock level of products.
This type of system is usually used by a supermarket chain store where all its products are imputed into the system and it uses other machines line the scanners to check the outflow of each item.
By using the inventory management system, stock management is well taken care of.
Answer:
$700
Explanation:
In cost benefit insurance , the intervention and its benefit are evaluated to arrive at the best decision for the insured party.
Working
Potential lawsuits - $750,000
Deductible insurance - $50,000
Possibility of injury /death = 1/1000
Maximum payment for insurance - $(750000-50000)/1000
$700
