What Is Inventory Cycle Time

question 43

Multiple Choice

What is inventory cycle time?

• A)an unfilled customer order for a product that is out of stock
• B)the time it takes to manufacture a product and deliver it to the retailer
• C)the agreed upon time between the purchase of a product and the delivery of the product
• D)the frequency of inventory replacement

---

Definitions:

Sample Size

The number of observations or data points collected in a statistical study.

Z Score

A raw score that is adjusted for the mean and standard deviation of the distribution from which the raw score comes.

Population Average

The sum of all values in a population divided by the number of values in that population, also known as the mean.

Standard Error

The standard deviation of the sampling distribution of a statistic, often used to estimate the accuracy of a sample mean.