Which One of the Following Statements Is True

question 5

Multiple Choice

Which one of the following statements is true?

• A)Inventory is any physical asset held for future use or sale.
• B)When using ABC analysis, "C" items should be reviewed most frequently.
• C)Dependent demand is directly related to the demand of other stock keeping units and can be calculated without needing to be forecast.
• D)Stockouts occur in a Fixed Quantity System (FQS) whenever the lead-time demand exceeds the replenishment level (M).

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Definitions:

Working Relationships

The interactions and communications that occur between colleagues within a workplace environment.

Divisional Structure

An organizational structure composed of separate business units or divisions with their own functions and responsibilities that report to a central executive.

Matrix Structure

A matrix structure combines functional and divisional approaches to emphasise project or program teams.

Technical Automobile Parts

Specific components designed for use in the manufacturing and functioning of automobiles, including engine parts, transmissions, and electrical systems.