An Inventory System Answers Two Important Questions: When to Order

question 22

Multiple Choice

An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q system (continuous review system) or a P system (periodic review system) answers these questions?

• A) Under a Q system, a fixed quantity is ordered every P time period.
• B) Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder point R.
• C) Under a P system, a fixed quantity Q is ordered when the inventory position reaches the reorder point R.
• D) Under a P system, an order is placed to replenish the inventory position up to the target level T every P time periods.

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Definitions:

Objective Action

Actions that are based on objective evidence or facts rather than personal feelings, interpretations, or prejudice.

Direct Action

Tactical measures or activities undertaken to achieve a specific goal, often used in political, environmental, or social movements.

Coping Thoughts

Psychological strategies used to manage and adapt to stressful situations effectively.

Rote Repetition

The technique of learning through the repetition of information or activities, without necessarily understanding the meaning or concept.