You Sell 28,000 Units of an Item Each Year

question 291

Multiple Choice

You sell 28,000 units of an item each year. The carrying cost per unit is $.42 and the fixed costs per order are $52. What is the economic order quantity?

• A) 1,862 units
• B) 1,907 units
• C) 2,414 units
• D) 2,507 units
• E) 2,633 units

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Definitions:

Cultural Tightness

Describes the degree to which a culture holds tight norms and a low tolerance for deviant behavior, affecting how flexible or strict societal norms are.

Cultural Looseness

Refers to the degree to which cultural norms and behaviors in a society are not strictly enforced, allowing for more variability and flexibility in individual behavior.

Unstated Conflict

A disagreement or tension that exists without explicit acknowledgment or communication among parties involved.

Tight Culture

A social system characterized by strong norms and low tolerance for deviant behavior, promoting uniformity in actions and values.