Choose the Word or Phrase in [ ] Which Will

question 117

Short Answer

Choose the word or phrase in [ ] which will correctly complete the statement. Select A for the first item, B for the second item, and C if neither item will correctly complete the statement.
-People share losses through [loss control | insurance].

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Definitions:

Lead Time

The amount of time between the initiation and completion of a production process.

Safety Stock

A quantity of inventory kept on hand to protect against fluctuations in demand or supply.

Lead Time

The amount of time that elapses between the initiation of a process and its completion.

Safety Stock

Inventory kept on hand to protect against fluctuations in demand or supply, ensuring that demand can be met without stockouts.