Which of the Following Statements Regarding a Continuous Review (Q)system

question 147

Multiple Choice

Which of the following statements regarding a continuous review (Q) system for inventory control is FALSE?

• A) The reorder point is the fixed quantity Q of the item that is ordered each time inventory is replenished.
• B) The remaining inventory of an item is tracked every time a withdrawal is made.
• C) On-hand inventory, scheduled receipts and backorders are used to calculate the inventory position.
• D) A fixed quantity of inventory is ordered each time the inventory position reaches a predetermined minimum level.

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Definitions:

Types Of Crises

Various situations or events that cause significant stress or danger, demanding immediate action to prevent or mitigate disaster.

Knowledge Management

The process of creating, sharing, using, and managing the knowledge and information of an organization.

Decision Making Process

A methodical approach to making choices by identifying and evaluating options, considering their potential outcomes.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving judgment, risk assessment, and evaluation.