The Materials Manager for a Billiard Ball Maker Must Periodically

question 113

Multiple Choice

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be theaverage daily total inventory costs, EXCLUDING the cost of the resin?

• A)$5
• B)$10
• C)$20
• D)$25
• E)$40

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Definitions:

Behavioural

Relating to the actions or reactions of an individual or group in response to external or internal stimuli.

Environmental

Related to or concerned with the ecological impacts on the planet, including conservation, pollution, and natural resource management.

Training Program

A structured plan of education or skill development to prepare individuals for specific jobs or roles.

On-the-job Training

Training provided to employees at their place of work, focusing on acquiring the skills necessary for their specific job roles through practical experience.