Which of the Following Statements Is True

question 13

Multiple Choice

Which of the following statements is true?

• A)The safety stock size approach based on stockout probability is more acceptable because it focuses on a relative measure.
• B)The safety stock size approach based on stockout probability is quantified by calculating the ratio of sales to the level of orders.
• C)The safety stock size approach,based on stockout probability,is quantified by calculating the ratio of sales to the level of orders,and expressing this ratio as a percentage.
• D)None of the given options.

---

Definitions:

Utility

Utility is the total satisfaction or benefit derived from consuming a good or service.

Coaching and Mentoring

Supportive relationships in which experienced professionals help others develop their skills and knowledge, often through one-on-one guidance.

Conference Board of Canada

A not-for-profit research organization that specializes in economic trends, organizational performance, and public policy issues in Canada.

Wilderness Training

A specialized form of training focusing on survival skills and outdoor competencies, often used for personal development and team-building exercises.