In a Supply Chain Setting, Replenishment Time Refers to Lead

question 272

Multiple Choice

In a supply chain setting, replenishment time refers to lead time for an item, which means the time between the ordering of an item and when it is

• A) billed to the customer.
• B) acknowledged by the customer.
• C) billed and paid for by the customer.
• D) promised for delivery.
• E) received and ready for use or sale.

---

Definitions:

Licenses

Permissions granted by an authority to engage in a particular activity or to use certain property.

Tenants In Common

A form of co-ownership where each party owns a separate and undivided interest in the property, and upon death, their interest passes to their heirs or estate.

Operation Of Law

A legal change that occurs automatically due to existing laws, without the need for an action by a court or party.

Joint Tenants

Co-owners of property who have equal rights to the whole property and a right of survivorship, meaning if one owner dies, the remaining owner(s) inherit the deceased's share directly.