<span>When a commercial item is procured by the government, the contractor will provide a </span>TDP or Technical Data Package<span> to the government</span> that documents the functional, performance, and physical characteristics of their product and will assist in the development of configuration management efforts.
Depression: ) ..................
Answer: Option D
Explanation: Under the first in first out method, the inventories are sold on the basis of the time period they were purchased, that is, the inventory that was bought down the earlier will be sold first.
Hence when the price keeps rising for an inventory, units which were earlier purchased would automatically be less costly than those which were purchased in latest.
Also the goods that were latest purchased will remain in the inventory leading to increase in the value of inventory.
Answer: a. reduced lead times
Explanation:
Lead time in a process refers to the amount of time it takes from the process's initiation to its conclusion. In general in Business, the shorter the lead time of a process, the better for the business as it usually leads to higher productivity, output and revenue levels.
Same goes for the reduction of lead times in transaction with vendors. With a shorter lead time, the process of making goods available for sale would be less and thus the goods can be sold in the market quicker therefore reducing inventory levels.
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