When Rounding to a Specified Decimal Place

question 47

Multiple Choice

When rounding to a specified decimal place:

• A) if the digit is 5 or more, add 1 to the digit in the specified place, and eliminate all digits to the right
• B) find the digit in the specified place, then look at the next digit to the right
• C) all of these
• D) if the digit is less than 5, eliminate it and all digits to the right

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Definitions:

Optimal Quantity

The amount of a good or service that achieves the best balance between cost and efficiency in production and distribution.

Vertically Integrated

A business model in which a company controls multiple levels of its supply chain, from production to sales.

Order Quantity

the amount of inventory ordered at one time to replenish stocks, often determined by balancing ordering costs and holding costs.

Vertically Integrated

A business structure where a company controls multiple stages of production within its supply chain, from raw materials to final product delivery.