In a Two-Bin Inventory System, the Amount Contained in the Second

question 77

Multiple Choice

In a two-bin inventory system, the amount contained in the second bin is equal to the

• A)ROP.
• B)EOQ.
• C)amount in the first bin.
• D)optimum stocking level.
• E)safety stock.

---

Definitions:

Consequential Damage

Refers to indirect losses suffered as a result of a breach of contract, beyond the immediate and direct damages.

Substitute Goods

Products that can serve as replacements for each other; demand for one increases when the price of the other increases.

Cover

To obtain substitute or equivalent goods.

Obsolete

No longer produced or used; out of date.