Table 56
Peterson Enterprises Uses a Continuous Review Inventory Control System

question 95

Multiple Choice

Table 5.6
Peterson Enterprises uses a continuous review inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item:


Standard deviation in weekly demand $= 125$ units
You will need to refer to a normal table to answer the question(s) .
-Use the information in Table 5.6. What is the EOQ for this item?

• A) less than or equal to 1100 units
• B) greater than 1100 but less than or equal to 1200 units
• C) greater than 1200 but less than or equal to 1300 units
• D) more than 1300 units

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Definitions:

Eidetic Imagery

The ability of an individual to recall images, sounds, or objects in memory with high precision for a brief period after exposure, also known as photographic memory.

Flashbulb Memory

A highly detailed and vivid memory of an emotionally significant moment or event.

Memory Operates

How the cognitive process of encoding, storing, and retrieving information functions within the human brain.

Computer Stores

Retail outlets or online platforms specializing in the sale of computer hardware, software, and related accessories.