____ is any attempt to improve current or future managerial performance by imparting knowledge, changing attitudes, or increasing skills.

A dollar received today is less valuable than a dollar received a year from today.

a. true b. false

Which of the following statements regarding the reorder point is TRUE?

A) The reorder point is that quantity that triggers an action to restock an item. B) There is a reorder point even if lead time and demand during lead time are constant. C) The reorder point is larger than d × L if safety stock is present. D) A shorter lead time implies a smaller reorder point. E) All of the above are true.