Which of the following is a type of inventory?

The correct answer identifies "real-time inventory" as a type of inventory, emphasizing the continuous tracking and management of inventory levels as transactions occur. This system allows organizations to maintain an accurate and up-to-date record of inventory, enabling them to respond dynamically to changes in demand and supply and enhance decision-making.

In a real-time inventory system, technology such as barcode scanners and inventory management software play a crucial role in continuously updating inventory counts, which is beneficial for minimizing stockouts and overstocks, as well as improving overall efficiency in inventory management. This approach contrasts with other inventory types, which may not provide as immediate or accurate a reflection of current inventory levels.