A Firm Has 43 Units of a Certain Product on Hand

question 15

Multiple Choice

A firm has 43 units of a certain product on hand. Forecasts for the first two planning periods are 20 units each. A production quantity of 80 units is planned to be available in period 3. Customer orders are 22 for period 1 and 17 for period 2. What is the projected on-hand inventory at the end of period 2?

• A)21
• B)1
• C)12
• D)20
• E)impossible to say without more information

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Definitions:

Content Analysis

Traditionally, a quantitative, systematic technique for describing the manifest content of communications.

Magazines

Periodical publications containing a variety of articles, stories, and advertisements, typically focused on specific interests.

Newspapers

Publications containing written information on current events, features, analysis, and advertising, usually printed on cheap paper and distributed daily or weekly.

Data Reduction

The process of reducing “raw” data to a simpler form by using, for example, summary statistics, tables, or graphs.