What Is a Back Order

question 117

Multiple Choice

What is a back order?

• 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

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Definitions:

Creative Thinking

The ability to think in novel and unusual ways and to come up with new ideas or solutions to problems.

Programmed Decisions

Programmed decisions are routine decisions that follow standard procedures or guidelines, often used for recurring organizational problems.

Five-Step Model

A structured approach to problem-solving or decision-making, divided into five distinct stages.

Organizational Cultural Lag

The phenomenon where an organization's culture fails to keep pace with changes in society, technology, or the economy, leading to outdated practices or values.