What Are Two Logical Ways in Which to Base the Time

question 98

Multiple Choice

What are two logical ways in which to base the time between orders in a periodic review system?

• A) replenishment lead time or EOQ calculations
• B) replenishment lead time or bottleneck cycle time
• C) convenience or replenishment lead time
• D) convenience or EOQ calculations
• E) convenience or bottleneck cycle time

---

Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, affecting its liquidity.

Consent Ability

The capability of an individual to understand and agree to the terms of services or treatment, acknowledging the implications and consequences.

Minor Child

An individual under the age of majority, as legally defined, not considered legally competent to make certain decisions.

Payment Responsibility

The obligation of an individual or entity to settle a debt or financial transaction, such as fees for services rendered.