Match Each Term with Its Correct Definition

question 170

Multiple Choice

Match each term with its correct definition.
-An accounting field that helps managers plan and control operations.

• A)Organizational chart
• B)Financial accounting
• C)Line position
• D)Managerial accounting
• E)Planning
• F)Directing
• G)Controlling

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Definitions:

Safety Stock

Extra inventory held by a business to protect against stockouts due to variability in demand or supply chain disruptions.

Fill Rate

A performance metric that measures the percentage of customer demand that is met without backorders or stockouts.

Replenishment Cycle

The process or time it takes to replenish inventory in a supply chain, from ordering to receiving goods.

Expected Shortage

The anticipated deficiency in quantity or supply of a product or resource relative to the expected demand for that product or resource.