RS Stores Identifies That an Order Needs to Placed for Refrigerators.The

question 107

Multiple Choice

RS Stores identifies that an order needs to placed for refrigerators.The company places an order after three weeks and receives the order after two weeks of placing the order.What is the lead time in this case?

• A)one week
• B)two weeks
• C)three weeks
• D)four weeks
• E)five weeks

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Definitions:

Scalpel

A small and extremely sharp bladed instrument used for surgery, dissection, or art.

Doctrine of Laches

A legal principle that bars a claim due to a significant delay in seeking relief or asserting a right.

Res Ipsa Loquitur

Res Ipsa Loquitur is a legal doctrine which allows proof of negligence to be inferred from the very nature of an accident or injury, in the absence of direct evidence on how any defendant behaved.

Act of God

An unforeseen and unpreventable event caused by natural forces, which exonerates parties from contract obligations.