Describe the difference between a fixed-quantity and a fixed-period inventory system?
What will be an ideal response?
In a fixed-quantity inventory system, when the quantity on hand reaches the reorder point, an order is placed for the specified quantity. In a fixed-period inventory system, an order is placed at the end of the review period. The quantity ordered is that needed to bring inventory up to a specified level.
You might also like to view...
Retrieval is the task of permanently removing obsolete or redundant records from the database
Indicate whether the statement is true or false
Apple recently ran ads featuring real people who had switched from Microsoft Windows PCs to Macs. When companies use people, actors, or sports celebrities to express the product's effectiveness, what kind of execution format is being used?
A) testimonial B) lifestyle C) comparative D) unique selling proposition E) slice of life
If the maker of a note fails to pay the debt on the due date, the note is said to be dishonored
Indicate whether the statement is true or false
Choose the correct word in parentheses. Gina (has, have) information about her great-grandparents from the Ellis Island website