A Company That Tracks Inventory and Places an Order for a Lot

question 67

Multiple Choice

A company that tracks inventory and places an order for a lot size Q when the inventory declines to the reorder point (ROP) is using

• A)continuous review.
• B)daily review.
• C)occasional review.
• D)periodic review.

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Definitions:

Domestic Producers

Companies or individuals within a country that manufacture goods or offer services domestically.

Per-unit Tariff

A type of tax imposed on each unit of imported goods, raising the cost of these goods to the importer.

Per-unit Revenue

The amount of income that is generated for each unit of goods or services sold.

Infant Industry Argument

A protectionist stance arguing that emerging domestic industries should be shielded from foreign competition until they become competitive globally.