Scenario 9.5 Cranium,Inc. ,Purchases Term Papers from an Overseas Supplier Under a Under

question 32

Multiple Choice

Scenario 9.5
Cranium,Inc. ,purchases term papers from an overseas supplier under a continuous review system.The average demand for a popular mode is 300 units a day with a standard deviation of 30 units a day.It costs $60 to process each order and there is a five-day lead-time.The holding cost for a paper is $0.25 per year and the company policy is to maintain a 98% service level.Cranium operates 200 days per year.A normal distribution table is appended to this exam.
-Use the information in Scenario 9.5.What is the cost of holding the safety stock necessary to maintain the 98% service level?

• A)less than or equal to $30
• B)greater than $30 but less than $40
• C)greater than $40 but less than $50
• D)greater than $50

Identify the role of significant theorists and their theories in developmental psychology.

Comprehend the impact of family structure and societal factors on the development of children and adolescents.

Explore changes in attitudes and moral judgments throughout the lifespan.

Understand the biological aspects of development including genetic inheritance and the physical changes during puberty.

---

Definitions:

Regulatory Statute

A regulatory statute is a law enacted to prescribe or prohibit certain behaviors, often intended to protect the public welfare, health, safety, or the environment.

Revenue-Raising

This term refers to actions or strategies employed by governments or organizations to increase income, typically through taxation, fees, or sales.

Legislature Intent

The purpose or goal that lawmakers aimed to achieve when drafting and enacting a particular piece of legislation.

Restrictive Covenant

An agreement restricting the use of real property.