Average age of inventory can be calculated as inventory turnover divided by 365

For push processes, a manager must forecast what customer demand will be in order to

A) plan the service level. B) plan the level of available capacity and inventory. C) plan the level of productivity. D) plan the level of production.

Under a fixed exchange rate regime, when the domestic currency is undervalued, the central bank must ________ the domestic currency to keep the exchange rate fixed; as a result, it ________ international reserves

A) purchase; gains B) sell; gains C) purchase; loses D) sell; loses