1. Dependent Demand items are items that are ready to be sold or used (not parts that go into other items).

True

False

2. In an ABC inventory system, we would want to make sure that our accuracy on the count of A items is the highest (wed like to get a count very close to the actual number of A items in inventory)

True

False

3. In an ABC inventory system, a high percentage of items (maybe 60% or more) would be labeled as A items.

Group of answer choices

True

False

4. Every Reorder Point formula consists of two things added together. The first thing is the __________ , and the second thing is the ____________.

a. customer service level, stockout risk

b. order quantity, order interval

c. expected demand over the lead time, safety stock

d. minimum inventory level, order price

5. In a ROP system, the quantity ordered is the same every time.

True

False