Answer the Following Question(s)using the Information Below

question 141

Multiple Choice

Answer the following question(s) using the information below:
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 10,000 packages per year.The purchase price per package is $16.
-If Ferry Company has a safety stock of 160 units and the average daily demand is 20 units, how many days can be covered if the shipment from the supplier is delayed by 12 days?

• A)12.0 days
• B)10.0 days
• C)8.0 days
• D)6.7 days
• E)13.33 days

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Definitions:

External Factor

An external factor refers to influences from the external environment that impact individuals or organizations, often beyond their control.

Fusiform Face Area

A region in the temporal lobe of the brain that helps us recognize the people we know.

Prosopagnosia

The inability to recognize familiar faces.

Magical Thinking

Belief in causal relationships between actions and events which logically cannot be justified by reason and observation.