The Two Basic Issues in Inventory Are How Much to Order

question 131

True/False

The two basic issues in inventory are how much to order and when to order.

---

Definitions:

Effective Assignment

A transfer or allocation that fully accomplishes its intended purpose, often relating to tasks, responsibilities, or legal rights.

Statutorily Assigned

Designated or assigned by law or statute in a formal manner.

Notice of Assignment

A formal notification indicating that a particular assignment of rights or interests has been made.

Vicarious Performance

A principle which allows one person to perform their obligations through another, typically in the context of employment or contractual duties.