Multiple Choice
If annual demand is 24,000 units, and the order quantity is 3,000 units, then which of the following is true?
A) The annual number of order placements will be 8, and average inventory levels will be 1,500.
B) The annual number of order placements will be 8, and average inventory levels will be 3,000.
C) The annual number of order placements will be 12, and average inventory levels will be 12,000.
D) The annual number of order placements will be 24, and average inventory levels will be 12,000
Correct Answer:

Verified
Correct Answer:
Verified
Q3: Maintaining inventory is how firms support services
Q4: There is a cost trade-off that firms
Q5: Commonly used qualitative forecasting methods include:<br>A) Consensus
Q6: How did Sony Electronics achieve a 40%
Q7: Forecasting methods can be divided into two
Q9: Forecast error decreases the farther into the
Q10: Which of the three Forecast Error Measures
Q11: The Mini-Mart in Oxford Ohio holds monthly
Q12: When historical sales data is deemed a
Q13: What is a key reason why a