Multiple Choice
Which of the following statements regarding a continuous review (Q) system for inventory control is FALSE?
A) The reorder point is the fixed quantity Q of the item that is ordered each time inventory is replenished.
B) The remaining inventory of an item is tracked every time a withdrawal is made.
C) On-hand inventory, scheduled receipts and backorders are used to calculate the inventory position.
D) A fixed quantity of inventory is ordered each time the inventory position reaches a predetermined minimum level.
Correct Answer:
Verified
Correct Answer:
Verified
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