In the fixed-time-period model it is necessary to determine the inventory currently on hand to calculate the size of the order to place with a vendor.
Answer the following statement true (T) or false (F)
True
In a fixed-time-period system, inventory is counted only at particular times, such as every week or every month. Counting inventory and placing orders periodically is desirable in situations such as when vendors make routine visits to customers and take orders for their complete line of products, or when buyers want to combine orders to save transportation costs.
You might also like to view...
When using n-way ANOVA the significance of the overall effect may be tested by a t test
Indicate whether the statement is true or false
Key words give texts ______________
a. purpose b. direction c. meaning d. flow
Which of the following statements is true?
a. Reorienting is more time consuming and challenging than re-creating b. Tuning is more laborious than adapting c. Reorienting is much more challenging than tuning d. Adapting requires much more effort than overhauling
Generally, the law assumes that the principal is aware of any information acquired by the agent that is relevant to the agency
Indicate whether the statement is true or false