An Assumption of Economic Order Quantity Is That Demand Is

question 8

Multiple Choice

An assumption of economic order quantity is that demand is steady. An increase in demand or usage rates will lead to:

• A) inventory shortfalls
• B) excess inventory
• C) efficient level of inventory
• D) change in the kind of inventory held

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Definitions:

Self-Expectations

The standards or goals an individual sets for themselves, which influence their behavior and effort in various aspects of life.

Expectancy Theory

A psychological theory that describes the motivational force behind choices individuals make, depending on their expectations of the outcome and the value they place on that outcome.

Self-Motivation

The ability to initiate and continue actions or tasks without external encouragement or pressure.

Training

An educational process that aims to enhance skills, knowledge, and competencies for a specific purpose or job.