A retailer uses a 20-unit reorder point based on assuming a 3-day lead time, a 5-day usage rate, and a 5-unit safety stock. In how many days will a stockout occur if the lead time becomes 7 days and the usage rate continues at 5 units per day?

a. 0
b. 2
c. 3
d. 4

d

Business

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Grayville Rock and Gravel, located in a seaport town, sells rock, gravel, and sand to local markets. It has just been awarded a contract with a company 500 miles down the coast. Management should consider switching from truck to ________ transport

A) water B) rail C) pipeline D) air E) reverse

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A benefit of adopting the euro as a common currency is that it:

A. makes it easier to compare prices across Europe. B. makes Europe an optimal currency area. C. increases the range of investment options open only to institutions. D. leads to higher prices, which translate into substantial gains for European producers. E. decreases competition because it has become harder for consumers to shop around.

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