If You Give a Truthful Answer to a Question During

question 11

True/False

If you give a truthful answer to a question during contract negotiations,but something then happens that makes that answer now false,you are not obligated to notify the other party unless they ask the question again.

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Definitions:

Safety Stock

Additional quantity of an item held in inventory to reduce the risk of stockouts caused by variability in supply or demand.

Stockouts

Occurrences when demand exceeds supply, resulting in an inability to fulfill customer orders or requirements immediately.

Inventory Carrying Costs

The total cost associated with holding inventory, including storage, insurance, depreciation, and opportunity costs.

Standard Deviation

An index indicating the degree of spread or diversity among values in a dataset.