A ____ Is a Collection of Related Information That Is

question 1

Multiple Choice

A ____ is a collection of related information that is organized into tables, records, and fields.

• A) database
• B) word processor
• C) personal information manager
• D) chart

---

Definitions:

Purchase Price

The amount of money paid to buy a good or service.

Safety Stock

Additional inventory held to protect against uncertainties in demand or supply, ensuring sufficient stock is available to meet customer needs.

Service Level

A measure of the quality of service provided, often defined as the percentage of customer demands that are met on time.

Reorder Period

The time interval between placing orders for inventory replenishment to ensure consistent supply without incurring stockouts or excessive holding costs.