In a ______________, inventory status is checked at a regular episodic intervals and an order is placed to raise the inventory level to a specified threshold.
Explanation
Answer: B - In a periodic review, inventory status is checked at periodic intervals and an order is placed to raise the inventory level to a specified threshold. For example, consider a purchase of film for J&W Studios. The manager does not continuously track film inventory. Instead, they check the film inventory every Friday and the manager orders enough such that available inventory and the size of the order totals to 10,000 rolls of films. In this case, the time between orders is fixed. The size of each order, however, fluctuates based on variable demand.
