A Replenishment Order for Inventory Is Made When a Reorder

question 47

Short Answer

A replenishment order for inventory is made when a reorder point is reached in a(n)________ inventory system.

---

Definitions:

Agency Contract

A legal agreement wherein one party (the agent) agrees to act on behalf of another party (the principal) in a business transaction or other matter.

Third Party

An individual or group not directly involved in a contract or legal transaction but could be affected by its outcome.

Agency Relationship

A legal and fiduciary relationship between two parties, where one (the agent) is authorized to act on behalf of the other (the principal) in business transactions.

Illegal

Activities or practices that are forbidden by law and subject to penalties if violated.