Graeme Manages a Candy Store in a High Traffic Shopping

question 15

Multiple Choice

Graeme manages a candy store in a high traffic shopping mall where he has collected the following information:
Weekly demand for small candy boxes = 90 boxes
Cost to place one purchase order with the box supplier = $19.80
Cost to hold one box for one year in inventory = $2.45
ead time = 2 weeks
Weeks in a year = 52 weeks
-The optimal replenishment level for the given fixed-period system (FPS) is:

• A) less than 300 boxes.
• B) more than or equal to 300 but less than 400 boxes.
• C) more than or equal to 400 but less than 500 boxes.
• D) more than or equal to 500 boxes.

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Definitions:

Adjudicating Office

An official institution or body empowered to make legal judgments or decisions, often in the context of disputes.

General Counsel's Office

The department within an organization responsible for providing legal advice, handling lawsuits, and ensuring compliance with laws.

Exclusive Representation

A labor union's sole authority to represent and negotiate on behalf of all employees in a designated group or workplace, regardless of union membership.

Wagner Act

Also known as the National Labor Relations Act of 1935, it is a foundational statute of US labor law that guarantees the right of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.