Inventory Cycle Time Is the Frequency of Inventory Replacement

question 139

True/False

Inventory cycle time is the frequency of inventory replacement.

---

Definitions:

Planning Budget

A budget designed for a specific level of activity, used as a tool for planning and controlling costs.

Wages And Salaries

Payments made to employees for their labor or services, either hourly (wages) or fixed over a time period (salaries).

Spending Variance

The difference between the actual amount of cost incurred and the budgeted or expected amount of cost.

Births

The occurrence of an organism coming into life or existence, relevant in demographic and epidemiological studies.