Nate Needs to Back Up the Data on His Computer

question 37

Multiple Choice

Nate needs to back up the data on his computer. One of the first things Nate needs to decide before backing up his data is ______.

• A) the type of backup to create
• B) how much time the backup will take
• C) how much space is available on his hard drive
• D) what he should name his backup file

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Definitions:

Stockout Risk

Refers to the possibility that inventory levels will fall to zero, leading to a situation where customer demands cannot be fulfilled.

Fixed-Period Inventory Model

An inventory management approach where stock levels are reviewed at regular, fixed intervals, leading to variable order quantities.

Safety Stock

Inventory kept in reserve to protect against shortages due to fluctuations in demand or supply.

Fixed-Quantity Models

Inventory control models that trigger orders of a predetermined quantity whenever the inventory level reaches a specific reorder point.