Periodic Review Inventory Systems

question 51

Multiple Choice

Periodic review inventory systems

• A)are less subject to stockouts than corresponding continuous review systems.
• B)require larger safety stock levels than corresponding continuous review systems.
• C)have constant order quantities.
• D)make the coordination of orders for multiple products more difficult.

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Definitions:

Organizational Structure

Organizational Structure defines how activities such as task allocation, coordination, and supervision are directed toward the achievement of organizational aims, outlining the hierarchy and the flow of information within an organization.

Level of Commitment

Describes the degree to which an individual, group, or organization is dedicated to a cause, idea, or goal.

Socially Sanctioned

Behaviors or practices that are acceptable and approved within a society or group.

Formal Role

A defined position or function within a structure or system, often with specific responsibilities and authority.