Select the description which most closely fits the term ORDER POINT
A) the time it takes to replenish an item in inventory
B) extra inventory of an item carried to protect against variations in demand during lead time
C) a listing of components required to manufacture a product
D) the time when an order should be placed
E) none of the above
E
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Which of the following statements is true?
A) Inventory costs remain constant as the number of warehouses increase. B) Packaging costs increase as the number of warehouses increase. C) Material handling costs will start to rise when nonunitized loads are shipped. D) A and B are true E) A and C are true.
Combining two assets having perfectly negatively correlated returns will result in the creation of a portfolio with an overall risk that ________
A) remains unchanged B) decreases to a level below that of either asset C) increases to a level above that of either asset D) stabilizes to a level between the asset with the higher risk and the asset with the lower risk