A System Within an Organization Where Every Person Has Direct

question 5

Multiple Choice

A system within an organization where every person has direct responsibility for health and safety as an essential part of his or her job is called

• A)International responsibility system.
• B)Internal responsibility system.
• C)Independent responsibility system.
• D)Interdependent responsibility system.

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Definitions:

Stockouts

Occurrences when demand exceeds supply, resulting in an inability to fulfill customer orders or requirements immediately.

Inventory Carrying Costs

The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.

Standard Deviation

An index indicating the degree of spread or diversity among values in a dataset.

Acquisition Lead Time

The total time taken from recognising a need for a product or service to when it is fully operational or delivered.