If an Item Is Ordered Using Its Economic Order Quantity

question 51

Multiple Choice

If an item is ordered using its economic order quantity, the annual carrying cost should be:

• A) slightly less than the annual ordering cost.
• B) equal to the annual ordering cost.
• C) twice the annual purchase price.
• D) the square root of the annual ordering cost.
• E) none of the above.

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Definitions:

Not Exposed

indicates individuals or populations that have not come into contact with a disease-causing factor or agent.

Construct

An abstract concept or theoretical entity that is used in various fields of study to understand phenomena.

Articulate

The ability to express ideas or thoughts clearly and effectively in spoken or written form.

Sponsoring Agency

An organization or institution that provides funding and support for a project, program, or research.