Which of the Following Is Not Necessary to Compute the Order

question 50

Multiple Choice

Which of the following is not necessary to compute the order quantity using the fixed-time-period model with safety stock?

• A) Forecast average daily demand
• B) Safety stock
• C) Inventory currently on hand
• D) Ordering cost
• E) Lead time in days

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Definitions:

Bureaucracy

An organizational structure characterized by regularized procedure, division of responsibility, hierarchy, and impersonal relationships, often associated with governmental agencies.

Incentive Programs

Programs designed to motivate and reward individuals or groups to achieve specific goals.

Employee Recognition

The act of acknowledging and appreciating employees for their performance and contributions to the organization, often implemented as a strategy to motivate workforce and improve job satisfaction.

Functionalist

A sociological approach that sees society as a complex system whose parts work together to promote solidarity and stability.