The Level to Which the Inventory of an Item Should

question 5

Multiple Choice

The level to which the inventory of an item should fall before the firm places a new order to replenish inventory is called ______.

• A)the reorder point
• B)the holding point
• C)the safety stock point
• D)the stock-out point

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Definitions:

Academic Achievement

Refers to the level of schooling you have successfully completed and the ability to attain success in your studies.

Assessment

The systematic evaluation or measurement of an individual's abilities, characteristics, or performance.

Appraisal

The evaluation or assessment of something's value, quality, or condition, often conducted by a professional.

Evaluation

The systematic process of determining the merit, worth, or value of something, often for purposes of decision-making.