A Restaurant Currently Uses 62,500 Boxes of Napkins Each Year

question 19

Multiple Choice

A restaurant currently uses 62,500 boxes of napkins each year at a constant daily rate.If the cost to order napkins is $200.00 per order and the annual carrying cost for one box of napkins is $1.00,then the economic order quantity for napkins is

• A)62,500 boxes.
• B)10,000 boxes.
• C)5,000 boxes.
• D)2,500 boxes.

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Definitions:

Mission Statement

A formal summary of the aims and values of a company, organization, or individual.

Goal Setting

The process of identifying something that you want to accomplish and establishing measurable objectives and timeframes to help you achieve it.

Short-term Goals

Objectives or actions that are aimed to be achieved in the near future, typically within a year.

Delegated

The act of assigning responsibility or authority from one person to another, often seen in management and organizational contexts.