Ordering costs tend to be costs. Per-piece Variable Fixed Long-term Question 16 (1 point) The period of time that begins when an item is at its highest desired stocking level, continues as the item is used or sold, and ends when the item is replenished is known as Dead time Inventory cycle Lead time Shelf life Benjamin Wilson is the Distribution Manager of a small coffee company. He has found that about four percent of total inventory is lost due to product theft or spoilage. This is referred to as inventory Obsolescence Shrinkage Dismissal Deadstock Question 18 (1 point) Small businesses with a narrow selection of items can get by with a/an method of inventory control. Economic order quantity Visual control ABC classification Electronic data interchange