The Term Sector Refers to Broad Divisions of a Whole

question 36

True/False

The term sector refers to broad divisions of a whole.

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Definitions:

Average Flow Time

The average time that it takes for a task, workpiece, or process to be completed in a system.

Cycle Inventory

The portion of inventory available to meet normal demand during an ordering cycle.

Demand

The quantity of a good or service that consumers are willing and able to purchase at a given price.

Cycle Inventory

The average amount of inventory kept on hand to meet normal demand between the receipt of inventory deliveries.