MCQOPTIONS
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| 1. |
One of the following statements about PRS (Periodic Reordering System) is not true identify. |
| A. | PRS requires continuous monitoring of inventory levels |
| B. | PRS is useful in control of perishable items |
| C. | PRS provides basis for adjustments to account for variations in demand |
| D. | In PRS, inventory holding costs are higher than in Fixed Reorder Quantity System |
| Answer» D. In PRS, inventory holding costs are higher than in Fixed Reorder Quantity System | |