JIT inventory, or just-in-time, is an inventory management technique in which supplies are only ordered as needed.
Suppliers can place orders for raw materials that are directly in line with production schedules using a just-in-time (JIT) inventory system. This technology requires accurate demand forecasting in order to produce.
The just-in-time inventory method boosts output while reducing stock levels. JIT production methods lower inventory costs because manufacturers receive supplies and parts as required for manufacturing and do not incur storage costs. Furthermore, manufacturers are not left with extra inventory in the event that an order is canceled or not filled.
A vehicle manufacturing company that uses a minimal inventory strategy but heavily depends on its supply chain to deliver the components it needs to make cars on an as-needed basis is one example of a JIT inventory strategy. The producer decides not to purchase the components as a result.
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Most stores today are near several others in one of four settings that include all of the following except which? Multiple Choice a. the regional shopping center b. the strip mall c. the old-town district
d. the community shopping center
e. the power center
Most stores today are typically located in one of four primary settings: the regional shopping center, the strip mall, the community shopping center, and the power center. Here option A and E are the correct answer.
These settings are designed to attract consumers by offering convenient access to a variety of retail options. Regional shopping centers are typically large, enclosed shopping malls that feature anchor department stores and a range of smaller retailers.
Strip malls, on the other hand, consist of a series of adjacent storefronts that are typically arranged in a linear configuration. Community shopping centers are smaller versions of regional shopping centers and are typically anchored by a single large store such as a grocery or drug store.
Power centers are outdoor retail centers that typically feature big-box retailers like Walmart or Home Depot. The one option in the list that is not one of the four primary retail settings is the old-town district.
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why do airline suppliers, such as boeing and airbus, have so much power?
There are only two main suppliers present in an airline industry, Airbus and Boeing that has the power to control the fuel prices.
What is a price?In business and economics, price refers to the amount of money that a buyer pays to acquire a good or service. It is the exchange value of a product, and it represents the value that the buyer and seller place on the item being sold.
Price is determined by various factors, such as supply and demand, production costs, competition, and market trends. A high demand for a product, for example, can drive up its price, while increased competition can lead to lower prices.
Because the Airbus and Boeing are the two significant supplier in an airline industry and that gives them the power to control the fuel prices.
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Declaration While Pointing At A Group Of Workers On Strike?
A strike is a worker stoppage by employees as a form of protest against their employer, typically over issues related to wages, benefits, working conditions, or other labor-related matters.
Workers on strike usually picket outside the workplace or employer's facility, carrying signs or placards with messages expressing their grievances or demands. Strikes can be organized by labor unions or by unaffiliated workers, and they can be legal or illegal depending on the laws and regulations governing labor relations in a particular jurisdiction. Strikes can have significant economic and social impacts, affecting not only the workers and employers involved but also their families, communities, and customers.
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what kind of account is allowance for doubtful accounts
Answer:
Allowance for doubtful accounts is a contra asset account that is used to reduce the value of a company's accounts receivable to reflect the estimated amount of uncollectible debts. The account is typically created through an adjusting entry at the end of an accounting period and is based on a company's historical experience and an assessment of current economic conditions. By recording an allowance for doubtful accounts, a company can more accurately represent the value of its accounts receivable on its balance sheet and reduce the risk of overstating its assets or income. The balance in the allowance for doubtful accounts account is deducted from the total accounts receivable to give the net realizable value of accounts receivable.
when a company has a wide range of products to export, how should it select which to export?
When a company has a wide range of products to export, it should carefully evaluate and prioritize its products based on various factors to select which ones to export.
Here are some factors that the company may consider: Market demand: The company should analyze the demand for its products in various export markets. Competitive advantage: The company should identify its products that have a competitive advantage over similar products in the export markets.
Production capacity: The company should evaluate its production capacity for each product and ensure that it can meet the demand in the export markets without compromising its domestic sales. Legal and regulatory compliance: The company should ensure that its products comply with the regulations and standards in the export markets, such as safety and environmental standards.
Export costs and risks: The company should consider the costs and risks associated with exporting each product, such as transportation, tariffs, and currency fluctuations.
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which type of control focuses on how effectively the organization’s corporate, business, and functional plans are succeeding in helping the organization meet its goals?
The type of control that focuses on how effectively the organization's corporate, business, and functional plans are succeeding in helping the organization meet its goals is strategic control.
Strategic control is a type of control that evaluates the extent to which an organization's strategies are effective in achieving its goals. It involves monitoring the progress of the organization in implementing its strategies and making adjustments as necessary to ensure that the organization stays on track to achieve its goals.
Strategic control involves reviewing and analyzing key performance indicators (KPIs) that are tied to the organization's strategic objectives. These KPIs may include financial measures such as revenue growth, profitability, and return on investment, as well as non-financial measures such as customer satisfaction, employee engagement, and market share.
By monitoring KPIs and making adjustments as necessary, strategic control helps ensure that the organization's corporate, business, and functional plans are aligned with its goals and that the organization is making progress towards achieving those goals.
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an analyst has gathered the following information about a company income statement for the year 2004 sales $1,500 expenses cogs $1,300 depreciation 30 lnt expenses 40 total expenses 1,370 income from cont op 130 gain on sale 30 income before tax 160 income tax 64 net income $96 additional information: dividends paid $30 common stock sold 20 equipment purchased 50 bonds issued 80 fixed asset sold for (original cost of $100 with accumulated depreciation of $70) 60 accounts receivable decreased by 30 inventory decreased by 20 accounts payable increased by 20 wages payable decreased by 10 what is the cash flow from operations?
The balance sheet and income statement of a corporation have provided the financial analyst with the following data.
Which of the subsequent financial statements also goes by the name "financial condition Mcq"?The balance sheet, also known as the statement of financial position, includes a dollar amount breakdown of the stockholders' equity as well as the company's assets, liabilities, and equity as of a particular point in time.
According to schedule iii mcq, in what format should financial statements be prepared?Just a vertical display of financial statements is required by Schedule III. So, a corporation will no longer have the choice to provide financial statements in a horizontal format.
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What are Starbucks share benefits?
The major benefits of Starbucks share are Dividends, Stock Price appreciation, Voting Rights, Discounted stock purchase plans.
Starbucks Corporation is a publicly-traded company, which means that its shares are available for purchase by individual investors.
Dividends: Starbucks may distribute a portion of its profits to shareholders in the form of dividends, which are typically paid on a quarterly basis.
Stock Price appreciation: If the value of Starbucks' stock increases, shareholders can profit from selling their shares at a higher price than they paid for them.
Voting Rights: Shareholders may be able to vote on important company decisions, such as the election of board members or major corporate actions.
Discounted stock purchase plans: Starbucks may offer its employees the opportunity to purchase shares at a discounted price as part of an employee stock purchase plan.
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FILL IN THE BLANK. ______ search is when the buyer looks for information beyond personal knowledge to help make the buying decision, such as checking the internet, asking a friend, or visiting a showroom.
External search is when the buyer looks for information beyond personal knowledge to help make the buying decision, such as checking the internet, asking a friend, or visiting a showroom.
External search refers to the process of gathering information from sources beyond personal knowledge to make informed buying decisions. It is a critical component of the consumer decision-making process, particularly for complex or high-risk purchases.
External search can involve a variety of information sources, including online reviews, expert opinions, recommendations from friends or family members, and visits to retail stores or showrooms. Consumers may also consult professional organizations or government agencies to gather information about a particular product or service.
The extent of external search can vary depending on factors such as the complexity of the product, the level of risk associated with the purchase, and the consumer's level of involvement or interest in the buying decision.
Overall, external search plays a crucial role in the consumer decision-making process by providing consumers with the information they need to make informed choices and ensure that their purchases meet their needs and expectations.
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when evaluating the alternatives, the buyer rates and eventually ranks the brands in the consideration set (T/F)
When evaluating the alternatives, the buyer rates and eventually ranks the brands in the consideration set. - True
Marketers can influence consumers' evaluations by framing possibilities. While choosing items or brands during the purchasing stage, consumers take the results of the evaluation stage as well as other variables into account. The buyer also chooses the merchant from whom they would acquire the product.
A buyer compares and rates the various brands in their consideration set when evaluating alternatives. This may entail taking into account a variety of qualities or criteria, including cost, quality, features, and advantages. The buyer may rank the brands in order of preference or desirability after assessing each one, which may ultimately result in a purchasing decision. Many elements, including personal preferences, prior interactions with the brand, and referrals from others, may have an impact on the ranking.
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at a time when we need a modest, low-cost housing program, how can we be expected to accept such a(n) __________ scheme.
At a time when there is a need for affordable housing, it can be challenging to accept a housing scheme that is costly and extravagant.
The need for low-cost housing is essential for the well-being and sustainability of the community. In such a situation, a costly scheme may not be practical or feasible, as it may not meet the needs of the community.
However, it is important to recognize that affordable housing schemes may vary based on the location, availability of resources, and other factors. Some housing schemes may be more expensive due to the nature of the housing development or the materials used. But it is still possible for such schemes to be designed in a way that meets the needs of the community and provides low-cost housing.
It is important to strike a balance between providing affordable housing and ensuring that the housing scheme is sustainable, safe, and meets the needs of the community. By working together with stakeholders and taking a collaborative approach, it is possible to design and implement affordable housing schemes that benefit everyone involved.
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A process owner is trying to improve her process using tools we have discussed in class. Her goal is to first collect data, then use the data to prioritize the issues to know which problem to attack first. and then identify the potential root cause of the top-priority problem. In what order would it make sense for her to apply the problem-solving tools? a. Checksheet, Cause and Effect Diagram, Pareto Diagram b. Pareto Diagram, Cause and Effect Diagram, Checksheet c. Cause and Effect Diagram, Checksheet, Pareto Diagram d. Checksheet Pareto Diagram, Cause and Effect Diagram e. Pareto Diagram, Checksheet, Cause and Effect Diagram
The Checksheet, Cause and Effect Diagram, and Pareto Diagram together are the best tools for problem-solving. Checksheet is a list with a collection of data to make sure everything needed is included or has been taken care of.
Breaking it down, the cause-and-effect diagram is basically a pictorial representation of an observation probably after a brainstorming session, everything cause and effect for a particular issue. What are the factors that caused certain things, and elements that led to the problem in question, It is a diagram that can be used to prepare and fix a certain problem as we list down everything that went wrong and can go wrong, the right steps to success. Pareto Diagram is the best for displaying the comparative extent of problems. Applying the 80/20 rule is the basis of this.
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A manager implements a new rewards and consequences system in the office to help motivate workers to meet a certain goal. What type of leadership philosophy best describes the manager's strategy?
An expense cycle document called a receiving report is used to track the delivery of products from suppliers. Based on the items received and noted on the receiving report, businesses pay their suppliers.
Over the years, my management philosophy has changed, and it now consists of seven principles:
Create trust, act with honesty, and show your expertise.
Set challenging objectives with the involvement of all parties.
Handle with responsibility and sensitivity.
Put each team member in a position to succeed.
Create an atmosphere that is uplifting and supportive.
Since I became a team leader, my management style has changed, but I still believe that a strong manager gives clear instructions and direction so that team members can work independently. Strong team leaders should also exercise less direct supervision while yet offering adequate assistance and direction when necessary.
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the major banks that trade foreign exchange generally do not deal directly with one another but instead use the services of foreign-exchange brokers.
The largest market in the world is the foreign exchange market (FX), with an average daily trade volume of $5 trillion.
Brokers, hedge funds, retail investors, companies, central banks, governments, and institutional investors like pension funds are just a few examples of market players. The demand for currencies and their exchange rates are both impacted by all of the interbank trading activity. However, all other deal pricing is dependent on the exchange rates provided by the principal market makers, which are the large institutions that execute a sizable portion of the trading volume. The price or rate that indicates how much it costs to purchase one currency in exchange for another currency is known as the foreign exchange rate.
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___________ quality refers to what service was delivered, while __________ quality refers to how the service was delivered.
A. Output B. Interaction C. Experiential D. Technical outcome E. Interactive
The correct option is A and E, Output and Interactive. Output quality refers to what service was provided, while interactive quality refers to how the service was delivered.
Output quality is the result of service delivery and is often measured in terms of the quality of outputs or outcomes. This can be measured by the number of customers served, the number of products produced or the amount of money saved. Interactive quality is related to the customer experience and is often measured in terms of customer satisfaction, engagement and loyalty. This can be measured through customer surveys, focus groups or feedback from customer service representatives. All four types of quality are important to service delivery.
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which fund would report the amount of bonds payable that are due within one year?
The current liabilities fund (or current portion of the long-term debt fund) would report the amount of bonds payable that are due within one year.
Current liabilities are short-term obligations that are expected to be paid within a year or within the normal operating cycle of a business, whichever is longer. Bonds payable that are due within a year are considered a current liability and would be reported on the balance sheet in the current liabilities section.
The purpose of distinguishing between current and long-term liabilities is to provide information about a company's short-term liquidity and ability to meet its current obligations. The current portion of long-term debt is a subcategory of current liabilities and includes the portion of long-term debt that is due within one year.
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Which among the following is/are the types of decisions an operations manager must make?
Multiple select question.
A. Where will resources be needed?
B. What resources will be needed?
C. How will we procure funding for the resources?
D. How many resources will be needed?
E. When will we need certain resources?
F .What price should we charge for our products or services?
Types of decisions an operations manager must make are: Where will resources be needed? What resources will be needed? How many resources will be needed? When will we need certain resources? Therefore, the correct answers to this question are A, B, D, and E.
An operations manager is responsible for overseeing the production of goods and services in an organization, and they make a variety of decisions related to managing resources and optimizing production. Based on this, the types of decisions an operations manager must make include:
A. Where will resources be needed?
B. What resources will be needed?
D. How many resources will be needed?
E. When will we need certain resources?
Options C and F, "How will we procure funding for the resources?" and "What price should we charge for our products or services?" respectively, are not typically the responsibility of the operations manager. These decisions are more likely to be made by other managers in the organization, such as the finance or marketing manager.
Therefore, the correct answers to this question are A, B, D, and E.
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Hoping to lure more shoppers downtown, a city builds a new public parking garage in the central business district. The city plans to pay for the structure through parking fees. (15 points) During a two-month period (44 weekdays), daily fees collected averaged $1,264 with a standard deviation of $150.
A. What assumptions must you make in order to use these statistics for inference? (Hint: what assumptions are you used using sample data statistics to infer about the population)
B. Write a 90% confidence interval for the mean daily income this parking garage will generate, rounded appropriately.
C. The consultant who advised the city on this project predicted that parking revenues would average $1,300 per day. On the basis of your confidence interval, do you think the consultant was correct? Why or why not?
Applying the "10% condition Rule," the sample size that should be taken into consideration should not be greater than 10% of the identified population, hence the stated claim choice "a" is rejected.
Option "a" is also disregarded because the estimated interval must be established by taking only the weekdays (i.e., Monday through Friday) into account.
Option "c" is a valid supposition since it assumes that the population is symmetrical and devoid of extreme values (i.e., the outlier), which is necessary for the sample to be drawn from the population to be distributed regularly.
The argument that "the samples are dependant" is disproved since it implies that the samples should not be influenced by the other observed samples.
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What should you keep in mind when examining an income statement?
a) GAAP
b) Cash versus non-cash items
c) Asset composition
d) Time and costs
You should keep in mind when examining an income statement are a) GAAP, b) Cash versus non-cash items, and d) Time and costs.
When analyzing an income statement, it's crucial to consider the time period it covers, the expenses related to making money, the make-up of the assets that generate income, the distinctions between cash and non-cash items, and the generally accepted accounting principles (GAAP) that were used to prepare the statement.
The income statement's extraordinary items should also be taken into account, and any modifications to the accounting principles utilized to compile the statement should be noted.
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Finish this quote from the textbook: "Never let your appearance distract people from. . ."
1. None of the above.
2. Your inner beauty
3. Your resume
4. Your work or your words
5. Your transferrable skills
The quote "Never let your appearance distract people from your work or your words" is often used as advice for professionals, particularly those in public-facing roles, to be mindful of how they present themselves.
While there's no denying that appearance can play a role in how people perceive us, the message of this quote is that it's important not to let appearance become the primary focus, especially in situations where the main goal is to communicate a message or get work done. For example, if you're giving a presentation at work, you want to make sure that your appearance doesn't detract from the content of your presentation. This doesn't mean that you have to dress in a particular way or conform to certain beauty standards; rather, it means that you should make sure that your appearance is appropriate for the situation and that it doesn't distract from the message you're trying to convey. Similarly, if you're in a client-facing role, you want to make sure that your appearance doesn't distract from your ability to build a rapport with the client or to get your work done effectively. This might mean dressing in a more conservative or professional manner than you would in your personal life, or being mindful of how you use body language or other nonverbal cues. Ultimately, the message of this quote is that while appearance does matter, it's important not to let it become the main focus at the expense of your work or your message. By being mindful of your appearance and how it affects others, you can help ensure that you're presenting yourself in the best possible light and that you're able to achieve your goals effectively.
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What's the meaning of Liquidity Risk Premium ?
The liquidity risk premium is the additional return that investors require for holding an investment that is relatively illiquid or difficult to sell quickly without incurring a significant loss.
The Liquidity Risk is defined as the risk that an investor may not be able to sell an investment quickly enough to meet cash needs or to take advantage of other investment opportunities.
Some examples of relatively illiquid investments include real estate, private equity, and certain types of fixed-income securities.
The liquidity risk premium compensates investors for the added risk of holding an illiquid investment.
The size of the liquidity risk premium varies depending on market conditions, the specific characteristics of the investment, and the investor's perception of the risks involved.
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what are some drawbacks you can think of if you were to choose an income-driven plan when you could be making higher payments?
Income-driven plans award you a mortgage amount based on your socio - economic status size in an attempt at making your repayment of student loans more affordable.
Your monthly payment amount is determined differently under each type of income driven plan, and each has its own qualifying restrictions. Also, your payments can increase and any unpaid interest might be capitalised or added to the loan principal if you don't recertify your income-based repayment plan. You will be transferred to an alternative plan, where your monthly payments won't be determined by your income, if you fail to recertify your plan. If you don't recertify for some IBR plans, your monthly premium will no longer be based on your income even though you'll still be covered by the plan.
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what accounting classification is owners claims to resoures
Owners' claims to resources are classified as equity in accounting. Equity represents the residual interest in the assets of an entity after deducting liabilities.
It represents the owners' or shareholders' claims to the assets of the business. This includes the initial investment made by the owners, any additional capital contributions, retained earnings, and any other items that increase or decrease the ownership interest in the business. Equity is typically shown on the balance sheet of a company and is an important indicator of the financial health and stability of the company. Liabilities are obligations that a business or individual owes to others, such as debts, loans, or accounts payable. They represent the amounts that must be repaid in the future, typically with interest. Liabilities can be short-term, such as current payables, or long-term, such as loans or mortgages. They are an important component of financial statements and must be carefully managed to ensure the financial health and stability of an entity.
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an entrepreneur who starts a new business is not considered to be a manager. True/False?
An entrepreneur who starts a new business is not considered to be a manager. - False
The act of founding or launching a new business venture with the intention of turning a profit is known as entrepreneurship. This can entail determining a market need, creating a business plan, obtaining money, and gathering resources to make the enterprise successful. Thus, a person who runs the business is an entrepreneur.
Even though new business founders may lack conventional managerial education or experience, they frequently take on administrative responsibilities inside their own organisation. Some of these responsibilities are planning, organizing, leading, and controlling the enterprise. In fact, good management abilities, such as the capacity to manage resources, organize a team, and adjust to changing conditions, are frequently necessary for successful entrepreneurship. Thus, an entrepreneur who launches a new enterprise can undoubtedly be regarded as a manager.
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data obtained by manipulating factors under tightly controlled conditions to test cause and effect is an example of ___.
Casual research is an example of gathering information by changing variables under strictly regulated circumstances to investigate cause and effect.
What exactly is casual research?You can evaluate marketing activities, enhance internal procedures, and develop better business plans with the aid of causal research. Explanatory research, also known as causal research, is a sort of study that determines whether there is a cause-and-effect link between two separate circumstances. In order to get statistical proof of the relationship between the circumstances, researchers create experiments because many different factors could contribute to cause and effect.
After that, they usually do an analysis of the data to ascertain the relationship's development, learn more about how it functions, and decide whether it may be applicable in a wider context. In order to examine any new consequences of the second situation, they can also change the first situation's circumstances.
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Ways Business can have a direct influence one the environment
Answer:
Explanation:
Businesses can have a direct influence on the environment in a number of ways, including:
Energy consumption: Businesses require energy to operate, and the type and amount of energy they use can have a significant impact on the environment. By implementing energy-efficient practices and using renewable energy sources, businesses can reduce their environmental footprint and help address climate change.
Waste management: Many businesses produce waste, which can contribute to environmental pollution and harm ecosystems. By implementing effective waste management practices, such as reducing, reusing, and recycling materials, businesses can minimize their impact on the environment.
Water usage: Businesses may require significant amounts of water for their operations, and this can impact local water sources and ecosystems. By implementing water-efficient practices and minimizing water usage, businesses can help protect the environment.
Transportation: The transportation of goods and people can have a significant impact on the environment, particularly in terms of greenhouse gas emissions. Businesses can reduce their impact by promoting sustainable transportation options, such as public transportation, cycling, or carpooling.
Chemical usage: Many businesses use chemicals in their operations, which can have negative environmental impacts if not managed properly. By using environmentally-friendly products and practices, and properly disposing of hazardous chemicals, businesses can minimize their impact on the environment.
In addition to these direct impacts, businesses can also have indirect impacts on the environment through their supply chain, their products and services, and their interactions with local communities and ecosystems. By adopting sustainable business practices and prioritizing environmental responsibility, businesses can help protect the environment and contribute to a more sustainable future.
china has been accused of prohibiting u.s. companies that offer cloud computing from offering their services in china. which argument best explains this? multiple choice china would like to develop a superior technology to cloud computing. chinese firms in the cloud computing industry are more competitive than u.s. companies. china wants to protect its firms from their more competitive u.s. rivals. china is hoping to limit the use of cloud computing in china. chinese firms in cloud computing offer more services than american firms.
The answer is China wants to protect its firms from U.S. rivals, This argument best explains of Why China has been accused of prohibiting U.S. companies that offer cloud computing from offering their services in China.
What is a succinct definition of a company?A company is a type of business organization that exists independently of its owners in law. It is a sophisticated organizational structure with higher setup and administrative costs because to increased reporting requirements.
What separates a firm from a business?A "company" is another term for a firm. It is a blanket phrase that covers all different types of commercial enterprises. Having said that, enterprises comprise essential elements that, in contrast to firms, aren't thought of as separate legal entities. For instance, a sole proprietorship is not a separate legal entity.
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The answer is China wants to protect its firms from U.S. rivals, This argument best explains of Why China has been accused of prohibiting U.S. companies that offer cloud computing from offering their services in China.
What is a succinct definition of a company?A company is a type of business organization that exists independently of its owners in law. It is a sophisticated organizational structure with higher setup and administrative costs because to increased reporting requirements.
What separates a firm from a business?A "company" is another term for a firm. It is a blanket phrase that covers all different types of commercial enterprises. Having said that, enterprises comprise essential elements that, in contrast to firms, aren't thought of as separate legal entities. For instance, a sole proprietorship is not a separate legal entity.
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Internalizing an externality involves ?
Internalizing an externality involves taking into account the external costs or benefits of an economic activity and incorporating them into the decision-making process of the parties involved in the activity.
An externality is a cost or benefit of an economic activity that is not reflected in the market price of the goods or services being exchanged. For example, pollution from a factory may impose costs on the local community in the form of health problems or reduced property values, but these costs are not included in the price of the goods produced by the factory.
To internalize the externality, the costs or benefits associated with the activity must be included in the decision-making incorporating process of the parties involved. This can be done through various means, such as implementing regulations or taxes to reduce the negative impact of the externality, or providing incentives or subsidies to encourage positive externalities. By internalizing the externality, the true franchise costs and benefits of the activity are reflected in the market price, which can lead to more efficient and sustainable economic outcomes.
the complete question is:
Internalizing an externality involves taking into account the external costs or benefits of ______ and incorporating them into the decision-making process of the parties involved in the activity.
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Hiring people because they have great potential for leadership within the
company shows that HR is aware of the need for
A. hiring young people
B. succession planning
C. duplicating skill sets
OD. workforce forecasting
Hiring people because they have great potential for leadership within the company shows that HR is aware of the need for workforce forecasting. The Option D is correct.
Why is workforce forecasting important for HR department?The process of HR forecasting involves determining how a company's staffing requirements will change over time so that it can be ready to continue operating successfully. HR forecasting helps businesses decide whether to expand their workforce, cut back on employees, or reorganize job duties.
Since they handle hiring, onboarding, and training, HR departments are best suited to carry out this project. Because it helps organizations run responsibly and prevents costs from lost productivity or overstaffing, HR forecasting is crucial.
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Answer: succession planning
discrete stocking levels are used when an organization does not want visibility of inventory levels.
True or False
The statement discrete stocking levels are used when an organization does not want visibility of inventory levels is false. A discrete number of units must be stocked, which is referred to as discrete stocking. For the same risk of a stock out.
The fixed-order-interval model requires more safety stock than the ROP model. Simply put, safety stock is inventory kept on hand to avoid stock shortages. Stock outs are caused by variables like shifting consumer demand, organization forecasts, and erratic lead times for manufacturing or raw materials. Before they are ready to be used in the assembly of finished products, raw materials must be machined or processed.
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