Bill is in charge of the inventory for Home Builder's Supply. As an inventory item gets low, he is to restock the item

Bill is in charge of the inventory for Home Builder's Supply. As an inventory item gets low, he is to restock the item by a quantity that minimizes the total inventory costs for that item. What is this restocking quantity called?    A.  short order quantity B.  refill unit quantity C.  economic order quantity D.  minimum stock level E.  re-order limit Refer to section 20.8

14.

Allison has developed a set of procedures for determining the amount of each raw material that she needs to have in inventory if she is to keep her firm's assembly lines operating efficiently. These procedures are commonly referred to by which one of the following terms?    A.  first-in, first-out method B.  the Baumol model C.  net working capital planning D.  economic order procedures E.  materials requirements planning Refer to section 20.8

15.	Which one of the following is a system for managing demand-dependent inventories that minimizes the inventory levels of a firm?    A.  just-in-time inventory B.  turnover planning C.  net working capital planning D.  inventory scoring E.  inventory ranking Refer to section 20.8

16.	The terms of sale generally include which of the following? I. type of credit instrument II. cash discount III. credit period IV. discount period    A.  I and III only B.  II and IV only C.  III and IV only D.  II, III, and IV only E.  I, II, III, and IV Refer to section 20.1