Which of the Following Statements Regarding Inventory Models Is True

question 50

Multiple Choice

Which of the following statements regarding inventory models is true?

• A) Models using normal distribution assumptions may not represent situations with highly variable daily demand.
• B) Models do not have to be consistent with the operational realities of production line and resource constraints.
• C) It is usually safe to assume the cost of capital is negligible.
• D) Catastrophic events can be reasonably incorporated in working models by use of simulation.

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Definitions:

Lens Flattens

A process where the lens of the eye changes shape, becoming less curved, to focus distant objects clearly onto the retina.

Ciliary Muscles

Ring-shaped muscles located in the eye that control the shape of the lens to focus on objects at varying distances.

Pupil Diameter

The size of the opening in the center of the iris of the eye, which varies to regulate the amount of light reaching the retina.

Hyperpolarizing

Pertains to the increase in a cell's membrane potential, making it more negative.