As a Result of the Dramatic Population Shift Taking Place

question 7

Multiple Choice

As a result of the dramatic population shift taking place in the U.S.since 1950 __________.

• A) more Americans now live in the suburbs than in cities and rural areas
• B) more people are relocating to urban areas
• C) gentrification is at an all time low in major cities
• D) more Americans now live in small towns and rural areas

---

Definitions:

Raw Material Inventory

Materials that are usually purchased but have yet to enter the manufacturing process.

Safety Stock Computation

The calculation of a buffer quantity of inventory kept on hand to prevent stockouts, based on variability in demand and supply.

Standard Deviation

A statistical measure of the dispersion or variability within a data set, indicating how much individual values differ from the average.

Inventory Management

The practice of overseeing and controlling the ordering, storage, and use of components and finished products.