In Making Inventory Decisions,the Purpose of the Basic EOQ Model

question 94

Multiple Choice

In making inventory decisions,the purpose of the basic EOQ model is to

• A)minimize carrying costs.
• B)minimize ordering costs.
• C)minimize the sum of carrying costs and ordering costs.
• D)minimize customer dissatisfaction.
• E)minimize stock on hand.

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Definitions:

Sickle Cell Anemia

A hereditary blood disorder characterized by abnormal hemoglobin, resulting in some red blood cells assuming an abnormal sickle shape.

B-Thalassemia Major

A severe blood disorder caused by a genetic mutation, leading to reduced production of hemoglobin and potentially severe anemia.

Hemophilia

A medical condition, usually inherited, in which the ability of the blood to clot is severely reduced, causing the sufferer to bleed severely from even a slight injury.

X-Linked Recessive

A pattern of genetic inheritance where the gene causing the trait or disorder is located on the X chromosome; more common in males who have only one X chromosome.