Post Utme Bsu 2019 Commerce Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Bsu Commerce examination.

Post Utme Bsu 2019 Commerce Objective / Multiple Choice
Question 13 POST_UTME_BSU • 2019 • COMMERCE • objective

A company uses a just-in-time (JIT) inventory system to manage its inventory. The company receives a shipment of 1000 units of a product every week. If the demand for the product is 1200 units per week, what is the probability that the company will run out of stock?

Answer Options

A. 0.2
B. 0.3
C. 0.4
Correct Answer D. 0.5
Correct Answer
D
Correct Option:
0.5

About This Question

This is Post Utme Bsu 2019 Commerce Question 13. It is one of the objective questions from the 2019 Post Utme Bsu Commerce examination.

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