A target service level is the point where the expected cost of a shortage equals the expected cost of having excess units

Indicate whether the statement is true or false.

Answer: TRUE

Business

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Given the longer an asset is held, the greater the potential range of returns

Indicate whether the statement is true or false.

Business

Which of the following is not a drawback of written messages?

A) They're time consuming. B) They are unlikely to be well thought-out. C) They lack built-in feedback mechanisms. D) It is difficult for senders to confirm whether they have been received. E) They may be misinterpreted by their receivers.

Business