QUESTION 12 An inventory system answers two important questions: when to order and how much to order. Which of the following statements correctly explains how a Q system (continuous review system) or a P system (periodic review system) answers these questions? Under a Q system, an order is placed to replenish the inventory position up to the target level T when the inventory position reaches the reorder O point R. Under a P system, an order is placed to replenish the inventory position up to the target level T every time periods. O Under a P system, a fixed quantity Q is ordered when the inventory position reaches the reorder point R. Under a Q system, a fixed quantity is ordered every time period