Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 22 (1 point) A disadvantage of the fixed-period inventory system is that additional inventory records are required. it involves higher ordering costs than

image

Question 22 (1 point) A disadvantage of the fixed-period inventory system is that additional inventory records are required. it involves higher ordering costs than the fixed quantity inventory system. the average inventory level is decreased. since there is no order of inventory during the review period, a stockout is possible. orders usually are for larger quantities. Question 23 (1 point) Which one of the following statements is BEST? AP system requires more safety stock than a Q system. AP system requires more administrative control and computer support than does a Q system. AP system lends itself more to quantity discounts than does a Q system. Under a P system, a fixed quantity Q is ordered when the inventory position reaches the reorder point R. In a periodic review system, the value of Q is kept the same from one cycle to another.

Step by Step Solution

3.43 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

Q22 d since there is no count of inventory during the review period a stockout is possible The fixed... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Project Management A Managerial Approach

Authors: Jack R. Meredith, Samuel J. Mantel,

7th Edition

470226218, 978-0470226216

More Books

Students also viewed these General Management questions

Question

Write each fraction as a percent. 7 50

Answered: 1 week ago

Question

Find three errors in the diagrambelow. 9. 5.

Answered: 1 week ago

Question

Which of the various forms of termination was this?

Answered: 1 week ago