Which of the Following Is Not an Assumption of the Basic

question 1

Multiple Choice

Which of the following is not an assumption of the basic fixed-order quantity inventory model?

• A) Ordering or setup costs are constant.
• B) Inventory holding cost is based on average inventory.
• C) Returns to scale of holding inventory are diminishing.
• D) Lead time is constant.
• E) Demand for the product is uniform throughout the period.

---

Definitions:

Puritans

A group of English Protestants in the 16th and 17th centuries who sought to purify the Church of England from its Catholic practices, emphasizing strict religious discipline.

Quakers

A religious group officially known as the Religious Society of Friends, known for their commitment to pacifism, simple living, and equality.

Massachusetts

Massachusetts is a state in the northeastern United States, known for its significant historical events, educational institutions, and being a leader in healthcare, technology, and innovation.

Public Financing

The provision of funds by the government to support the operations of public services or subsidies for private initiatives aimed at serving the public interest.