Which One of the Following Statements Is True

question 5

Multiple Choice

Which one of the following statements is true?

• A)Inventory is any physical asset held for future use or sale.
• B)When using ABC analysis, "C" items should be reviewed most frequently.
• C)Dependent demand is directly related to the demand of other stock keeping units and can be calculated without needing to be forecast.
• D)Stockouts occur in a Fixed Quantity System (FQS) whenever the lead-time demand exceeds the replenishment level (M).

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Definitions:

Career Stage

The phase within a person's professional life that indicates their level of experience, responsibility, and ideally progression towards their career goals.

Increasing Competence

Refers to the process of acquiring skills and knowledge to improve performance and effectiveness in a specific domain or task.

Establishment

A recognized or certified institution or place where a particular activity is performed or conducted.

Advancement

The process of moving forward or making progress, particularly in one's career or in the hierarchy of an organization.