All of the Following Are True Regarding the Economic Order

question 127

Multiple Choice

All of the following are true regarding the Economic Order Quantity model except which one?

• A)It accounts for changes in interest rates.
• B)It determines the cost- minimizing quantity managers should order to keep in inventory.
• C)It assumes demand is spread evenly over a time period.
• D)It assumes demand is known with certainty.

---

Definitions:

Stratigraphic Section

A representation of a sequence of rock layers (strata) in a vertical orientation, displaying their relative ages and the nature of their deposition.

Depth

The vertical distance from the surface down to any point within a body of water or solid material.

Elevation

The height of a point on the earth's surface above a reference level, usually measured in meters or feet above sea level.

Index Contours

Lines on a map that represent constant elevations above sea level, distinguished by being wider or more prominent than other contour lines.