Demand for dishwasher water pumps is 8 per day. The standard deviation of demand is 3 per day, and the order lead time is four days. The service level is 95%. What should the reorder point be?

A(n) ________ is a storeless retailer serving a specific clientele–usually employees of large organizations–who are authorized to buy from a list of retailers that have agreed to give discounts in return for inclusion on the list

A) direct-selling vendor B) direct marketing vendor C) buying service D) automatic vendor E) corporate retailer

The internal rate of return is a less meaningful measure of an investment's performance than holding period return if the holding period is other than 1 year

Indicate whether the statement is true or false.