Which of the Following Is TRUE Regarding the Fixed-Quantity Ordering

question 66

Multiple Choice

Which of the following is TRUE regarding the fixed-quantity ordering system?

• A) Inventory is ordered at the end of a given period.
• B) There is a prespecified target level T.
• C) The same fixed amount is added to inventory every time an order for an item is placed.
• D) There is no physical count of inventory items after an item is withdrawn.
• E) It is suitable when vendors make routine visits to customers to take fresh orders.

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Definitions:

Human Capital

The collective value of the capability, intelligence, and productivity of individuals within an organization or society.

HR Segmentation

The process of dividing a workforce into distinct groups based on similar attributes or needs, in order to manage human resources more effectively and tailored to each segment.

Low Cost

A characteristic of goods, services, or processes that require minimal financial expenditure to acquire, maintain, or produce.

Internal Supply

Refers to the resources, capabilities, and competencies that are available within an organization, which can be utilized to achieve strategic objectives.