Figure 8-3

question 57

Multiple Choice

Figure 8-3. Martin Company uses 625 units of a part each year.The cost of placing one order is $8; the cost of carrying one unit in inventory for a year is $4.
Refer to Figure 8-3.What is the EOQ for Martin?

• A)100
• B)50
• C)45
• D)30
• E)20

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Definitions:

Critical Evaluator

A critical evaluator assesses projects, ideas, or performance with a focus on identifying strengths, weaknesses, and areas for improvement.

Outside Evaluators

Independent experts or organizations hired to assess the quality, effectiveness, or value of a program, project, or institution.

Force Field Analysis

A method used to identify and examine the forces for and against a change or decision, developed by Kurt Lewin.

Barriers to Change

Factors or conditions that prevent or hinder the process of change within an organization or an individual's life.