Which One of the Following Is Implied by an Annual

question 38

Multiple Choice

Which one of the following is implied by an annual service level of 95 percent?

• A)Approximately 95 percent of demand during lead time will be satisfied.
• B)The probability is 0.95 that demand will exceed supply during lead time.
• C)The probability is 0.95 that demand will equal supply during lead time.
• D)The probability is 0.95 that demand will not exceed supply during lead time.
• E)Approximately 95 percent of all demand will actually be satisfied directly from on-hand inventory.

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Definitions:

Instrumental Values

Values that influence the means to achieving an end, such as ambition and efficiency, guiding how we achieve our goals.

SMART Goals

Goals that are Specific, Measurable, Achievable, Relevant, and Time-bound, providing clear direction and facilitating goal attainment.

Time Frame

A specified period in which something occurs or is planned to take place.

Terminal Values

End goals or objectives that individuals or organizations aim to achieve, reflecting their core beliefs and ideals.