As Inventory Draws Down, Management Must Know at What Stock

question 153

Multiple Choice

As inventory draws down, management must know at what stock level to request additional stock. This stock level is called the ________.

• A) reorder point
• B) least fixed point
• C) point of divergence
• D) inflection point
• E) critical point

---

Definitions:

Risk Society

A risk society is a society defined by the way risk is distributed as a side effect of technology.

Technopoly

A form of social organization in which technology compels people to try to solve all problems using technical rather than moral criteria, even though technology is often the source of the problems.

Scientific Principles

Fundamental concepts or laws that serve as the foundation for scientific investigation and the acquisition of new knowledge.

Human Life

The existence of a human being, characterized by activities, experiences, growth, and interactions within a societal and environmental context.