Purchase terms following the selection of a vendor are often only a formality because in most cases the agreement has been worked out during the selection process

What accident and health insurance renewability clause provides that the insurer cannot unilaterally change any provision while the policy is in force but can change premium rates by class?

A) Provisional B) Guaranteed renewable C) Transitional D) Noncancelable

Safety stock in inventory systems depends only on the average demand during the lead time

Indicate whether the statement is true or false