Question

Define a total system inventory. Multiple choice question. It is the period of time when an unknown amount of inventory is on hand. It is the sum of the inventory held across all of the locations in a company. It specifies the amount of risk of incurring a stockout that a firm is willing to incur. It is a fixed time period that passes between inventory reviews.

Answer 1

It is the sum of the inventory held across all of the locations in a company.

Step-by-step explanation:

Total system inventory is a business term that is used in describing the total sum of the inventory held by a particular company across all of the locations in which that company is situated regardless of whether vacant or rented.

Hence, in this case, the correct answer is option B