The Manager of the Quick Stop Corner Convenience Store (Which

question 20

Multiple Choice

The manager of the Quick Stop Corner convenience store (which is open 360 days per year) sells four cases of Stein soda each day (1440 cases per year) . Order costs are $8.00 per order. The lead time for an order is three days. Annual holding costs are equal to $57.60 per case.
-If average demand for an inventory item is 200 units per day, lead time is 3 days, and safety stock is 100 units, what is the reorder point?

• A) 500
• B) 600
• C) 700
• D) 800

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Definitions:

Stimulus

An external factor or event that triggers a specific reaction in an organism or system.

Catch

To trap or capture something or someone, often used in the context of hunting or sports.

CRISPR

Clusters of Regularly Interspersed Palindromic Repeats; a type of locus in the DNA of prokaryotes containing repeated sequences that code for guide RNAs that direct Cas endonuclease to cut certain DNA sequences; a prokaryotic defense against bacteriophages used in biotechnology as a basis for programmable editing of DNA in living cells.

Genetic Material

DNA (deoxyribonucleic acid) or RNA (ribonucleic acid) molecules holding genetic instructions used in the growth, development, functioning, and reproduction of all known living organisms and many viruses.