Which of the Following Statements Is True

question 102

Multiple Choice

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.
• E) The safety stock is the minimum level of inventory that must remain at the customers.

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Definitions:

Spinning Jenny

An innovation in textile manufacturing that allowed a single worker to spin multiple spools of yarn simultaneously, significantly increasing productivity.

Peasants

Historically, members of the lowest class in many societies, especially those who worked the land, either as small farmers or as laborers with few rights and low social status.

Lord of the Estate

A historical term referring to a noble or landowner with authority over a particular estate, including the land, buildings, and tenant workers.

Village

A small community or settlement, typically larger than a hamlet but smaller than a town, often characterized by a rural lifestyle.