Service Level Is

question 14

Multiple Choice

Service level is

• A) the chance of stocking out
• B) the chance of not stocking out
• C) something that should be minimized in retail
• D) calculated as the cost of a shortage divided by (the cost of overage + the cost of shortage) for single- period models
• E) B and D

---

Definitions:

Constitution

The supreme law of the United States, establishing the framework for the federal government and outlining the rights of citizens.

Lane Theological Seminary

A historically significant religious institution in Cincinnati, Ohio, known for its debates on slavery and abolition in the 1830s, which had a profound impact on the anti-slavery movement.

Oberlin College

A private liberal arts college in Oberlin, Ohio, notable for being the first college in the United States to regularly admit female and African American students.

Antislavery Activism

Efforts and movements dedicated to ending the practice of slavery and emancipating slaves.