Which One of the Following Statements Regarding the Economic Order

question 22

Multiple Choice

Which one of the following statements regarding the economic order quantity is true?

• A)The EOQ model combines several different item orders to the same supplier.
• B)If an order quantity is larger than the EOQ,the annual holding cost exceeds the annual ordering cost.
• C)The EOQ model assumes a variable demand pattern.
• D)When the interest rate drops,both the holding cost and the EOQ decreases.
• E)EOQ is used to determine the optimum shipping quantity.

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Definitions:

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, a cognitive development milestone typically achieved in infancy.

Representational Ability

The cognitive skill to understand and manipulate symbols and abstract concepts, pivotal in language development and creative thinking.

Representational Ability

The capacity of individuals to use symbols or objects to stand for something else, critical in language development and creative thinking.

Object Permanence

The understanding that objects continue to exist even when they cannot be observed, a concept developed in early childhood according to Jean Piaget.