Burley Company Has the Following Information Available Concerning One of Its

question 32

Multiple Choice

Burley Company has the following information available concerning one of its inventory items:
$\begin{array}{lr}\text { Cost of placing an order}&\$ 50.00\\\text {Unit carrying cost per year }& \$ 2.00 \\\text { Annual unit demand}&3,200\\\text {Safety stock }&80\\\text {Average daily demand }&10\\\text {Normal lead time in days }&12\\\end{array}$

-Refer to the figure.If there is a delay in shipping the item,approximately how many days can be covered by the safety stock?

• A)0.83 days
• B)6.67 days
• C)8.00 days
• D)40 days

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Definitions:

Social Psychologists

Scientists who study how people’s thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Groups

Collections of individuals who interact with each other, share similar characteristics, and collectively have a sense of unity.

Attitudes

Psychological tendencies expressed by evaluating particular entities with some degree of favor or disfavor.

Academic Psychologists

Professionals who study, teach, and conduct research on various aspects of human behavior and mental processes within an academic setting.