A Disadvantage of the Fixed-Period Inventory System Is That

question 143

Multiple Choice

A disadvantage of the fixed-period inventory system is that:

• A) it involves higher ordering costs than the fixed quantity inventory system.
• B) additional inventory records are required.
• C) the average inventory level is decreased.
• D) since there is no count of inventory during the review period, a stockout is possible.
• E) orders usually are for larger quantities.

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Definitions:

Modified Wave

A scheduling method used in healthcare settings to allow for both walk-in and scheduled appointments, aiming to minimize waiting times and improve efficiency.

Ancillary Tasks

Supplementary tasks or duties that support the main goals or activities, often administrative or minor in nature.

Modified Wave

A scheduling method where appointments are set at the beginning of each hour, leaving the remainder of the hour for walk-ins or unforeseen tasks.

Workflow Tempo

The speed or rate at which work processes or activities are conducted within a specific environment or organization.