Which of the following is not a typical way of controlling cash shortages?

Two students agree to run Saturday dances and to split whatever money they make. There is absolutely no talk of partnership. Which of the following is TRUE?

A) The students are not partners because they did not agree to be partners. B) The students are not partners because they do not have a written partnership agreement. C) The students are partners because they agreed to share profits. D) The students are partners because every business agreement between two people creates a partnership. E) The students are not partners because one of the indicia of partnership is missing.

Average daily demand for a product is normally distributed with a mean of 20 units and a standard deviation of 3 units. Lead time is fixed at 25 days. What reorder point provides for a service level of 95 percent?

What will be an ideal response?