The fixed-time-period inventory system has a smaller average inventory than the fixed-order-quantity system because it must also protect against stock outs during the review period when inventory is checked.

Answer the following statement true (T) or false (F)


False

The fixed-time-period model has a larger average inventory because it must also protect against stock out during the review period, T; the fixed-order-quantity model has no review period.

Business

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Bill recently borrowed $50 from Ricardo for a couple of weeks. Bill, still short of cash, tells Ricardo, "I will wash and wax your car in exchange for the $50 I owe you." Ricardo tells Bill, "OK, that's great!" Ricardo's performance of his new duty will be:

a. an accord. b. a novation. c. a rescission. d. a satisfaction.

Business

A farmer sells 4 million bushels of corn at a spot price of $2.10 per bushel. The total cost of production was $9.2 million. The farmer has an effective tax rate of 25%

If the farmer entered into a futures contract at a price of $2.40 per bushel on 4 million bushels, what is the farmer's net loss or gain? A) $100,000 loss B) $800,000 loss C) $300,000 gain D) $400,000 gain

Business

When a person deals in a security when in possession of non-public information, and they have an obligation not to reveal or use the information it is:

a. embezzlement b. racketeering c. money laundering d. money fraud e. none of the other choices

Business

Ursula wants to buy a $19,000 used car. She has savings of $2,000 plus an $800 trade-in. She wants her monthly payments to be about $282. Which of the following loans offers monthly payments closest to $282?

A) 7.8% APR for 36 months B) 7.8% APR for 48 months C) 7.8% APR for 60 months D) 7.8% APR for 72 months

Business