When a firm’s inventory falls to a predetermined level, a new order is placed to replenish inventory. This predetermined level is known as ______.
a. the reorder point
b. the replenishment point
c. the stock-out point
d. the safety stock point
a. the reorder point
You might also like to view...
Which is not one of the potential advantages of decentralization?
a. improves motivation and retention b. supports use of expert knowledge c. improves customer relations d. increases goal congruence
Strategic advantage occurs when an organization analyzes the ______ better and reacts to it quicker than its competitors do while using all of its internal resources efficiently, thus creating the sustainable competitive advantage.
A. environment B. employees C. management D. vision
Which of the following is not a characteristic of universal life insurance?
A) Mortality costs and minimum investment returns are known B) Face amounts are fixed and premium payments are fixed C) Pattern of death benefit is selectable D) Ability to earn competitive returns
The exception under the employment-at-will rule, where the employer cannot fire an employee from employment for exercising a legal right or fulfilling that legal duty created by a statute, is called:? A) ?court order
B) ?administrative action. C) ?public policy exception. D) ?statutory exception.