Which of the Following Statements Regarding a Continuous Review (Q)system

question 147

Multiple Choice

Which of the following statements regarding a continuous review (Q) system for inventory control is FALSE?

• A) The reorder point is the fixed quantity Q of the item that is ordered each time inventory is replenished.
• B) The remaining inventory of an item is tracked every time a withdrawal is made.
• C) On-hand inventory, scheduled receipts and backorders are used to calculate the inventory position.
• D) A fixed quantity of inventory is ordered each time the inventory position reaches a predetermined minimum level.

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Definitions:

Lubricating Oils

are substances applied to mechanical systems to reduce the friction between moving parts, aiding in smoother operation and longevity of machinery.

Viscosity Rating

A measure indicating the thickness or fluidity of a liquid under specific conditions.

Feasible Region

The set of all possible points that satisfy the constraints of an optimization problem, within which the optimal solution is found.

Potting Soil

A medium used to grow plants, herbs, and vegetables in a pot or other durable container.