If Periodic Use of a Resource Can Be Continued Indefinitely

question 14

Multiple Choice

If periodic use of a resource can be continued indefinitely, that resource is said to be

• A)removable
• B)renewable
• C)cyclical
• D)recyclable
• E)part of a common pool

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Definitions:

Bucket

A bucket is a cylindrical or slightly tapered container, typically made of plastic or metal, used for carrying, storing, or mixing liquids or solids.

Fixed Order Quantity

A specific, constant quantity of items ordered each time an order is placed, typically used in inventory management to replenish stock.

EOQ

Economic Order Quantity is a formula used in inventory management to determine the optimal order size that minimizes the total holding costs and ordering costs.

Time Fences

A means for allowing a segment of the master schedule to be designated as “not to be rescheduled”.