Filling in the Blanks in This Frequency Distribution Table, ______

question 95

Multiple Choice

Filling in the blanks in this frequency distribution table, ______ of this sample had 1 job; on the other hand, ______had 2 jobs.

• A) 9; 39.3%
• B) 9; 58.4%
• C) 26; 49.4%
• D) 26; 29.2%

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Definitions:

Re-Order Point

The inventory level at which an order should be placed to replenish stock before it runs out, based on lead time and consumption rate.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices at a given time.

Optimal Order Size

The quantity that minimizes the total cost of inventory, including holding and ordering costs.

Annual Inventory Cost

The total cost associated with storing and maintaining a company's inventory over one year, including warehousing and insurance.