What Is the Optimal Length of One Inventory Cycle for a Firm

question 33

Multiple Choice

What is the optimal length of one inventory cycle for a firm that has an economic order quantity of 750 units, average daily demand of 68 units, and a price of $30 per unit?

• A) 25 days
• B) 11 days
• C) 2.7 days
• D) 331 days

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Definitions:

State Hospitals

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Federal Legislation

Laws passed by the national government of a country, which apply across the entire country and supersede local laws.

Category 5 Tornado

The highest rating on the Enhanced Fujita scale, denoting a tornado with wind speeds exceeding 200 mph and capable of causing incredible destruction.

Community Mental Health

A sector of healthcare focusing on the diagnosis, treatment, and prevention of mental disorders within community settings.