The Cost of a Widget Is $5,and the Carrying Rate

question 14

Multiple Choice

The cost of a widget is $5,and the carrying rate is 40%;cost of processing an order is $25,annual demand is for 400 widgets,and supply and usage patterns are stable.What is the economic order quantity (EOQ) ?

• A)5
• B)20
• C)25
• D)100
• E)200

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Definitions:

Portfolio Development

The process of creating a comprehensive collection of an individual's work products, projects, or achievements to showcase their skills.

Essential Elements

Fundamental components or factors necessary for a system or structure to function effectively.

Prospective Employer

A company or person that one is considering or being considered by for employment.

Second Interview

A follow-up meeting in the job interview process, offering the employer and the candidate another opportunity to assess mutual suitability.