What Is the Economic Order Quantity for Firm That Sells

question 43

Multiple Choice

What is the economic order quantity for firm that sells 30,000 units annually, each unit has a $6 carrying cost, and the fixed cost of placing an order is $100?

• A)100 units
• B)122 units
• C)707 units
• D)1,000 units

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Definitions:

Micro Power

Refers to the localized, often personal, forms of power and influence that operate at the micro-level within societies or institutions.

Macro-level

Pertaining to large-scale structures or processes, often encompassing the entirety of a society or a major component thereof.

Michel Foucault

A French philosopher and historian known for his critical studies of social institutions, including psychiatry, medicine, and the prison system.

Decentering

A conceptual process of shifting away from a Eurocentric or ethnocentric perspective to understand and appreciate diverse cultures, narratives, and histories from their own vantage points.