Q Is to ________ Systems as P Is to ________

question 109

Multiple Choice

Q is to ________ systems as P is to ________ systems.

• A) fixed quantity; fixed period
• B) variable demand; constant demand
• C) variable lead time; variable demand
• D) variable quantity; variable period
• E) quantitative; periodic

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Definitions:

Finished Goods Units

Products that have completed the manufacturing process and are ready to be sold.

Required Production Units

The number of units that must be produced in a given period to meet sales demands and inventory requirements.

Beginning Units

Refers to the number of units or quantity of goods on hand at the start of an accounting period.

Operating Budget

A detailed projection of all expected income and expenses based on forecasted sales revenue during a specified period, usually a fiscal year.