Answer the following statement(s) true (T) or false (F)
1. There is a strong relationship between fill rates and the amount of inventory in stock.
2. Counting a random sample or subset of inventory in stock is associated with cycle counting.
3. A benefit of cycle counting is that it is less time-consuming than using RFID.
4. Multi-period system is one of the three basic types of inventory control systems.
1. True
2. False
3. False
4. False
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Is a correlation of 0.6 stronger than a correlation of -0.9? Why or why not?
What will be an ideal response?
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