The standard fixed-time period model assumes that inventory is never counted but determined by EOQ measures.

Name: The standard fixed-time period model assumes that inventory is never counted but determined by EOQ measures.
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Question

Quizplus · Accepted Answer

The standard fixed-time period model requires periodic physical inventory counts to determine the inventory level and adjust the order quantity accordingly. EOQ measures are used to calculate the optimal order quantity but do not determine the actual inventory level.

The Standard Fixed-Time Period Model Assumes That Inventory Is Never