Answer the Following Question(s)using the Information Below

question 38

Multiple Choice

Answer the following question(s) using the information below:
The following information has been gathered for Product A:

-Which of the following statements is TRUE?

• A)The reorder point is the point at which the amount of inventory on hand equals the amount needed to cover sales during the lead time.
• B)The reorder point is the minimum level of inventory allowed during a particular period.
• C)The safety stock is the amount of stock that must be on hand to cover sales during lead time.
• D)The safety stock is the minimum level of inventory that must remain on hand at all times.
• E)The safety stock is the minimum level of inventory that must remain at the customers.

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Definitions:

Alternative Hypothesis

The hypothesis that proposes a significant difference, relationship, or effect, against the null hypothesis.

One-way ANOVA

A statistical test that analyzes the differences among three or more groups' means based on one independent variable.

Alternative Hypothesis

A proposition that suggests a statistical relationship or difference exists between data sets, typically tested against the null hypothesis.

One-way ANOVA

A statistical test that compares the means of three or more independent groups to see if there is a significant difference among them.