Service Level Is

question 76

Multiple Choice

Service level is

• A) the chance of stocking out.
• B) the chance of stockpiling.
• C) something that should be minimized in retail.
• D) calculated as the cost of a shortage divided by (the cost of overage + the cost of shortage) for single- period models.
• E) not related to the concept of stocking out.

---

Definitions:

Adjusting Entry

These are journal entries made at the end of an accounting period to allocate income and expenditure to the period in which they actually occurred.

Bonds Pay Interest

A statement indicating that bond issuers periodically make interest payments to bondholders.

Semiannually

Refers to an event or action that occurs twice a year.

Sold Bonds

The act of a company or government issuing bonds to investors in exchange for capital, representing a long-term borrowing.