Which of these conditions is likely to cause a decrease in the probability of a stockout?
A) higher lead time variance
B) lower lead time
C) higher demand level variance
D) lower service level
c
Answer: B
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Which of the following statements is true?
A) Application of LIFO for financial reporting purposes must follow the tax laws applicable to LIFO. B) A company must use FIFO for both tax reporting and financial statement reporting. C) A company may use FIFO to valuate inventory and LIFO for financial statement reporting purposes. D) LIFO must be used for financial reporting if it is used for tax purposes.
Which sentence uses correct capitalization?
A) Who on Earth would want to hire him? B) The length of time it takes for Earth to orbit the Sun is 365 and a quarter days. C) No one on Earth would ever suspect her of misappropriating funds.
An ambiguity in a contract may constitute a mutual mistake of a material fact.
Answer the following statement true (T) or false (F)
Explain the meaning of the term takt time, and use a numerical example to illustrate
What will be an ideal response?