If You Count the Specific Number of Days in a Month

question 54

Multiple Choice

If you count the specific number of days in a month, it is called _________time.

• A) approximate
• B) variable
• C) exact
• D) ordinary

Describe the role and methods of inventory control in production and service operations.

Understand the impact of demand variability on inventory management and stock level decision-making.

Explain the concept of service level and how it relates to stockouts and inventory policy.

Recognize the role of safety stock in compensating for demand variability and lead time uncertainties.