According to Chapter 3, Understanding the Different Roles in Your

question 13

Multiple Choice

According to Chapter 3, understanding the different roles in your life is important because

• A) having too many roles can cause stress.
• B) your roles may change over time.
• C) your roles are different from those of your classmates.
• D) there are appropriate and inappropriate behaviors for each role.

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Definitions:

Demand Forecast

The process of estimating the quantity of a product or service that consumers will purchase in the future.

Safety Inventory

A surplus of stock that is kept on hand to protect against unforeseen increases in demand or delays in supply.

Fill Rate

The percentage of customer or order demand that is met from available stock without backorders.

Continuous Review

A method of inventory control that constantly monitors stock levels and reorders when inventory drops to a predetermined point.