If the standard deviation of demand is six per week, demand is 50 per week, and the desired service level is 95%, approximately what is the statistical safety stock?

A) 8 units
B) 10 units
C) 16 units
D) 64 units
E) Cannot be determined without lead time data.

E

Business

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A method of allocating the cost of a wasting asset (such as a gold mine or an oil well) to expense over the periods during which the value is removed from the property is termed as:

a. amortization b. wastage c. depreciation d. impairment e. depletion

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Which of the following should be included in the initial outlay?

A) Shipping and installation costs B) Increased working capital requirements C) Cost of employee training associated specifically with the asset being evaluated D) All of the above

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