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

question 91

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 amount to $3 per widget per day,then what are the total inventory costs?

• A)$345
• B)$215
• C)$785
• D)$68

---

Definitions:

Potential Market

The entire market universe that could potentially buy a product or service, considering all possible customers who fall within a segment.

Prototype

An early sample, model, or release of a product built to test a concept or process, serving as a thing to be replicated or learned from.