Answer the following statement(s) true (T) or false (F)
1. In an EOQ model with variable demand, the reorder point is modified to include a safety stock quantity.
2. In an EOQ model with variable demand, failing to modify the reorder point to include safety stock results in a service level of zero.
3. Safety stock levels in a supply chain tend to be less than for an independently acting firm.
4. A low IDS level indicates that too much inventory is being held.
5. Cash-to-Cash Cycle Time is often viewed as an excellent measure of overall inventory performance.
1. True
2. False
3. True
4. False
5. True
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Which of the following statements regarding contingencies is true?
a. Contingencies that are probable and estimable must be recorded before the outcome of future events. b. Contingent assets, if probable and estimable, are treated in much the same way as contingent liabilities. c. The accounting principle that determines whether a contingent asset is recorded is that of materiality. d. Contingencies that are not estimable should not be disclosed even if probable.
To succeed in the future, marketing must be more holistic and less departmental
Indicate whether the statement is true or false
The grouped location approach is based on the principle of ________, which states that a cluster of similar and complementary retailing activities will generally have greater drawing power than isolated stores that engage in the same retailing activities.
A. analog approach B. multiple risk C. diminishing adjacent D. consumer spotting E. cumulative attraction
Children under __ cannot work except for their parents or by court order
Fill in the blank(s) with the appropriate word(s).