In a Computerized System That Uses an Economic Order Quantity

question 90

Multiple Choice

In a computerized system that uses an economic order quantity (EOQ) model and the perpetual inventory method,who determines when to reorder inventory?

• A) the inventory control clerk
• B) the purchasing department
• C) the vendor
• D) the computer system

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Definitions:

Job Specification

A detailed description of the qualifications, skills, experience, and attributes required for a specific job role.

HRM Systems

Comprehensive tools and platforms used to manage and automate the human resource functions within an organization.

Succession Planning

A strategy for identifying and developing new leaders who can replace old leaders when they leave, retire or die.

Organizational Structures

The system of tasks, workflows, reporting relationships, and communication channels that link together diverse parts of an organization.