Inventory position is defined as
a. the amount of inventory on hand in excess of expected demand.
b. the amount of inventory on hand.
c. the amount of inventory on hand plus the amount of inventory on order.
d. None of the alternatives is correct.
Question 2
Which of the following represents a population, as opposed to a sample?
a. 2,000 respondents to a magazine survey which has 600,000 subscribers.
b. The first 15 students in your class completing a final exam.
c. Every fourth student to arrive at the book store on your campus.
d. All registered voters in the state of West Virginia