A Difference Between Periodic Review and Continuous Review Inventory Systems

question 46

Multiple Choice

A difference between periodic review and continuous review inventory systems is:

• A)Periodic review is more expensive than continuous review
• B)Continuous review usually required more safety stock than periodic review
• C)In one system, time triggers orders, in the other, quantity triggers orders
• D)Periodic review requires real-time monitoring systems

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Definitions:

Unfairly Underpaid

The condition of receiving less compensation than is warranted for one's work, skill level, or contribution, often compared to others.

Ethical Standards

Guidelines or principles that govern the best conduct and moral judgments in an organization or profession.

Offending Organization

An organization that engages in actions or behaviors that are unethical, illegal, or harmful to stakeholders.

Ethical Blind Spots

Areas or situations where individuals fail to recognize ethical issues or dilemmas, often due to cognitive biases.