When Toysmart

question 57

Multiple Choice

When Toysmart.com filed for bankruptcy in June 2000,it listed its customer database as one of its assets even though it had assured its customers it would never disclose their information to any third party.People who had purchased from Toysmart and were a part of its database were upset when they learned that their private information was being treated as property that was for sale.These customers believed that they should know how their private information would be used.In other words,Toysmart's former customers had a:

• A)right to choose.
• B)right to be informed.
• C)right to be treated courteously.
• D)right to safety.

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Definitions:

Inventory Records

Documentation that keeps track of the quantities, locations, and statuses of products that a company has in stock.

EOQ Model

Economic Order Quantity model, a formula used in inventory management to determine the optimal order size that minimizes total inventory costs.

Dependent Demand

The demand for components or raw materials that is directly tied to the demand for the final product they contribute to creating.

Production Order Quantity (POQ) Model

An inventory management model that determines the most economical quantity of a product to order or produce, balancing setup costs with holding costs.