An Error in Replenishment Ordering Can Result from A(n) _____________________________

question 27

Multiple Choice

An error in replenishment ordering can result from a(n) _____________________________.

• A) inaccuracy in the inventory records file
• B) breakdown of equipment
• C) expediting of an order
• D) circumstance of working excessive overtime
• E) error in accounts receivables

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Definitions:

Future Shocks

A term by Alvin Toffler referring to the distressing disorientation felt when individuals or societies experience too much change in too short a time.

Benchmarking

The use of external and internal comparisons to plan for future improvements.

Incorporating

The legal process of forming a corporation, which is a type of formal business entity.

Quantitative Forecasting

The use of numerical data and statistical techniques to predict future events or trends.