Employer Promises That They May Not Even Know They Made

question 44

Multiple Choice

Employer promises that they may not even know they made are called

• A) inherent intentions.
• B) implied contracts.
• C) public policies.
• D) good faith promises.

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Definitions:

Re-Order Point

The reorder point is the level of inventory that triggers an action to replenish that particular inventory stock, ensuring a seamless operation without stockouts.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at a given price level at a given time.

Standard Deviation

A measure that indicates the amount of variation or dispersion of a set of values from the mean.

Service Level

A measure of the quality and timeliness of service provided to customers, often framed as a percentage of customer demands met on time.