Mark Is Listening as His Roommate Lists 14 Things That

question 166

Multiple Choice

Mark is listening as his roommate lists 14 things that they need to buy for their apartment before the end of the week.Based on George Miller's research into the capacity of short-term memory,if Mark doesn't write the items down as he hears them,he is most likely to remember

• A) less than 5 of the items from the list.
• B) approximately 10 to 12 items from the list.
• C) the entire list.
• D) between 5 and 9 items from the list.

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Definitions:

Safety Inventory

The extra inventory held to mitigate the risk of stockouts due to uncertainties in demand or supply.

Warehouse Inventory

Encompasses the goods and materials held in a storage space awaiting further distribution or sale, essential for managing supply chain efficiency.

Pipeline Inventory

Inventory that is currently in transit between locations or stages in a supply chain. It represents goods that are not yet available for sale or use.

Periodic Review System

A system of inventory control where the inventory levels are reviewed at fixed intervals to determine the reorder quantity.