For an Item Under Continuous Review,the On-Hand Inventory Is Only

question 99

Multiple Choice

For an item under continuous review,the on-hand inventory is only 20 units and the reorder point R is 100 units.There are no backorders,but there is one open order for 90 units.Which one of the following statements is TRUE?

• A) There is no need to order at the present time.
• B) The current inventory position is 100 units.
• C) An order should be placed now for 20 units.
• D) An order should be placed now for 10 units.

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Definitions:

Cross-Sectional

A type of observational study that analyzes data collected from a population, or a representative subset, at a specific point in time.

Cognitive Skills

Mental abilities involved in processing information, understanding concepts, and solving problems through logical reasoning and thought.

Psychoanalytic Perspective

A theory of psychology that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.

Freud

Refers to Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, known for his theories on the unconscious mind, sexuality, and dream interpretation.