The Point Where Inventory Carrying Costs Plus Ordering Costs Are

question 14

Multiple Choice

The point where inventory carrying costs plus ordering costs are lowest is called the:

• A) Lowest ordering point.
• B) Total cost point.
• C) Economic order quantity.
• D) Marginal cost level.
• E) Optimal order level.

---

Definitions:

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Prestige

The respect and admiration that an individual, role, or occupation holds in society, often based on perceived success or expertise.

Functionalist

A perspective in sociology that views society as a complex system whose parts work together to promote solidarity and stability.

Davis-Moore Thesis

A social stratification theory that asserts that societal inequality and stratification are beneficial for optimizing a society's efficiency and functionality.