BUS 430 Week 8 Quiz 7

 

ANS:  T                    PTS:   1

 

     2.   Safety stock inventory is an additional amount of inventory kept over and above the average amount required to meet demand during the lead time.

 

ANS:  T                    PTS:   1

 

     3.   Airline seats and call center phone lines are examples of inventory in service organizations.

 

ANS:  T                    PTS:   1

 

     4.   Maintaining large stocks of inventory is a requirement in today's supply chains in order to improve profitability.

 

ANS:  F                    PTS:   1

 

     5.   Marketing an operations generally prefer high inventory levels while finance would prefer small inventories.

 

ANS:  T                    PTS:   1

 

     6.   Work in process inventory is completed products ready for distribution or sale to customers.

 

ANS:  F                    PTS:   1

 

     7.   Safety stock inventory is an additional amount of inventory kept over and above the average amount required to meet demand.
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