Management Is Willing to Tolerate One Stockout Every 2 Years

question 29

Multiple Choice

Management is willing to tolerate one stockout every 2 years for a specific item. If 10 orders are placed for the item each year the service level desired is:

• A) 80%
• B) 85%
• C) 90%
• D) 95%
• E) none of the above

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Definitions:

Emotion

A complex psychological state involving an experiential, physiological, and behavioral response to a personally significant matter.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow in his 1943 paper "A Theory of Human Motivation," which describes a hierarchy of human needs.

Pyramid

A structure or system shaped with a broad base that narrows towards the top, often used metaphorically to describe hierarchies.

Personal Examples

Specific instances or experiences from an individual's life used to illustrate or explain a concept or phenomenon.