On an Annual Requirement of 100 Items Spread Evenly Throughout

question 9

Multiple Choice

On an annual requirement of 100 items spread evenly throughout the year,any purchaser has an opportunity of buying all 100 units at a price of $100 each,or buying 10 units at a time at a price of $150.If the inventory carrying cost is 25 percent per year and assuming no ordering costs:

• A)buying 100 at a time will save the company $3,937.50 per year.
• B)buying 100 at a time will save the company $4,125 per year.
• C)buying 100 at a time will save the company $6,250 per year.
• D)buying 10 at a time will save the company $3,875 per year.
• E)buying 10 at a time will save the company $5,000 per year.

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Definitions:

Quinney

Richard Quinney is a criminologist known for his contributions to critical criminology and the theory of social reality of crime, emphasizing the role of societal structures in defining crime and deviance.

Marxist Criminologists

Scholars who apply the economic and social theories of Marxism to study crime, its causes, and its effects on society.

Capitalist System

An economic system where private individuals or businesses own capital goods, and production is based on supply and demand in the market.

Powerful People

Individuals who hold significant authority, influence, or resources in a society, enabling them to affect outcomes and decisions.