# Strayer BUS430 week 7 Quiz Latest 2016 Jan.

Jul 2nd, 2016
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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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Strayer BUS430 week 7 Quiz Latest 2016 Jan.QuestionQuestion 1The inability to satisfy the demand for an item is the definition of aa. reorder pointb. stockoutc. lost saled. backorderQuestion 2For the single-period inventory model, solving for the optimal order quantity involves usinga. marginal economic analysisb. total cost analysisc. ABC analysisd. reorder point analysisQuestion 3Inventory position is computed using all the following excepta. On-handb. Scheduled receiptsc. Backordersd. Lead time demandQuestion 4Independent demanda. can be derived/calculatedb. is related to other SKUsc. is also called finished goods inventoryd. needs to be forecastedQuestion 5Demand that is stable over time is called ____.a. Staticb. Dynamicc. Stochasticd. DeterministicQuestion 6Demand that varies over time is called ____.a. Staticb. Dynamicc. Stochasticd. DeterministicQuestion 7Average inventory in the EOQ model is defined asa. The order quantity divided by the number of inventory cycles per yearb. Annual usage divided by the number of inventory cycles per yearc. One-half the order quantityd. One-half the annual usageQuestion 8Additional inventory kept over and above the average amount required to meet demand is called____ inventory.a. Seasonalb. Work-in-processc. Finished goodsd. Safety stockQuestion 9Backorders ____.a. Result from lost salesb. Have little financial impactc. May occur as a result of a stockoutd. Force a custom

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