Which of the Following Statements Is True of a Fixed-Period

question 36

Multiple Choice

Which of the following statements is true of a fixed-period system (FPS)

• A) It orders a fixed quantity of items when the inventory position reaches or drops below the reorder point (r).
• B) It orders sufficient stock at the time of review to bring the inventory position up to the replenishment level (M).
• C) It maintains a constant order quantity every review period.
• D) It checks the inventory position on a continuous basis.

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Definitions:

Interest Rate

Interest Rate is the percentage at which interest is paid by borrowers for the use of money that they borrow from a lender.

Tuition Payment

A payment made to educational institutions for the cost of attending classes.

Interest Rate

The percentage of a sum of money charged for its use, determining the cost of borrowing money or the return on savings.

Paid Now

Paid now typically refers to payments or financial transactions that are settled immediately or on the current date.