When Demand and Delivery Lead Time Are Known and Constant

question 30

Multiple Choice

When demand and delivery lead time are known and constant, daily demand = 8, purchase lead time = 5 days, and the purchase price = $20/unit, then the reorder point is:

• A) 2
• B) 13
• C) 32.
• D) 40.
• E) 56.

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Definitions:

ABC Model

A framework used in psychology, particularly in cognitive-behavioral therapy, that describes the interrelation between affect (emotions), behavior, and cognition (thoughts).

Attitudes

A rephrased definition: Stable, learned predispositions to respond in a consistently favorable or unfavorable manner towards a given object or situation.

Cognitive Consistency

Cognitive Consistency refers to the desire of individuals to maintain harmony and consistency among their beliefs, attitudes, and behaviors to avoid dissonance.

Thoughts

Mental considerations, reflections, or meditations, often reflecting one's cognitive processes or attitudes.