Use the Following Data Set to Answer Questions 86-100 -Consider the Data on Inventory of Widgets Over a 10-Day

question 81

Multiple Choice

Use the following data set to answer questions 86-100. $$\begin{array}{l}\text { Inventory of Widgets Dver a 10-Day Period }\\\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Day } & \begin{array} { l } \text { Supply } \\\text { Received }\end{array} & \begin{array} { l } \text { Beginning } \\\text { lnventory }\end{array} & \text { Demand } & \begin{array} { l } \text { Ending } \\\text { Inventory }\end{array} & \begin{array} { l } \text { Order } \\\text { Placed }\end{array} & \begin{array} { l } \text { Lead } \\\text { Time }\end{array} \\\hline 1 & & 30 & 8 & 22 & \text { NO } & \\\hline 2 & & 22 & 5 & 17 & \text { NO } & \\\hline 3 & & 17 & 6 & 11 & \text { YES } & 1 \\\hline 4 & & 11 & 8 & 3 & \text { NO } & \\\hline 5 & 20 & 23 & 7 & 16 & \text { NO } & \\\hline 6 & & 16 & 7 & 9 & \text { YES } & 1 \\\hline 7 & & 9 & 6 & 3 & \text { YES } & \\\hline 8 & 20 & 23 & 6 & 17 & \text { NO } & \\\hline 9 & & 17 & 5 & 12 & \text { YES } & 1 \\\hline 10 & & 12 & 7 & 5 & \text { NO } & \\\hline\end{array}\end{array}$$
-Consider the data on Inventory of Widgets Over a 10-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 20 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the inventory costs are $5 per widget,what are the total inventory costs during the 10-day period?

• A)$115
• B)$575
• C)$45
• D)$230

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The act of classifying or grouping items, people, or phenomena based on shared characteristics or attributes.

White

Referring to people with origins in any of the original peoples of Europe, the Middle East, or North Africa, often used in the context of racial classification.

Global Capitalism

A system where economic decisions and production are made in a global context, with businesses operating across national borders.

Invention

The creation of a new device, method, or process resulting from study and experimentation.