# Strayer BUS430 week 7 Quiz Latest 2016 Jan.

**Tutor description**

Question Question 1 “The inability to satisfy the demand for an item” is the definition of a a. reorder point b. stockout c. lost sale d. backorder Question 2 For the single-period inventory model, solving for the optimal order quantity involves using a. marginal economic analysis b. total cost analysis c. ABC analysis d. reorder point analysis Question 3 Inventory position is computed using all the following except a. On-hand b. Scheduled receipts c. Backorders d. Lead time demand Question 4 Independent demand a. can be derived/calculated b. is related to other SKUs c. is also called finished goods inventory d. needs to be forecasted Question 5 Demand that is stable over time is called ____. a. Static b. Dynamic c. Stochastic d. Deterministic Question 6 Demand that varies over time is called ____. a. Static b. Dynamic c. Stochastic d. Deterministic Question 7 Average inventory in the EOQ model is defined as a. The order quantity divided by the numb

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