B. (APEX VERIFIED) Parameters let ou run more specific and complex quireies
Answer: 11%
Explanation:
Arithemetic mean is the average of a set of numeric variables that is calculated by adding them up and dividing by the number of variables there are.
= (0.17 + (-0.04) + 0.2 + 0.12 + 0.10)/5
= 0.55/5
= 0.11
= 11%
Answer:
910 days
Explanation:
Calculation to determine the Minimum Restocking Level needed to cover expected demand over time without stocking out
Using this formula
Minimum Restocking Level= (Average daily demand × Reorder period)+ (Average daily demand × Lead time)
Let plug in the formula
Minimum Restocking Level= (70 days × 10 days) + (70 days × 3 days)
Minimum Restocking Level=700 days + 210 days
Minimum Restocking Level= 910 days
Therefore the Minimum Restocking Level needed to cover expected demand over time without stocking out is 910 days
Answer:
executive level (or strategic level)
Explanation:
An organizations has different levels, generally they are classified as:
- operational levels: sales clerks, customer service, etc. Involves routine day to day processes and business activities, most of the activities are repetitive.
- managerial or tactical levels: functional managers, e.g. sales manager, production, accounting, etc. They focus on monitoring and controlling operational level and provide information to executive levels.
- executive or strategic levels: CEO, CFO; COO, CIO, President, the board of directors, etc. They decide on the long term strategies that the company will follow
