Solve the Problem. -Find the Approximate Number of Batches (To the Nearest Whole

question 102

Multiple Choice

Solve the problem.
-Find the approximate number of batches (to the nearest whole number) of an item that should be produced annually if 280,000 units are to be made. It costs $2 to store a unit for one year, and it costs $460 to set up the
Factory to produce each batch.

• A) 27 batches
• B) 18 batches
• C) 25 batches
• D) 20 batches

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Definitions:

Workers' Compensation

A form of insurance providing wage replacement and medical benefits to employees injured in the course of employment in exchange for mandatory relinquishment of the employee's right to sue their employer for negligence.

Contributorily Negligent

Pertaining to a situation where an injured party may have contributed to their own harm or loss and thus may be partially responsible.

Recognized Standard

A set of criteria, norms, or guidelines that are widely accepted and implemented within a particular industry or field.

Bona Fide Occupational Qualification

A work requirement that is necessary for the normal operation of a particular business or enterprise, allowing discrimination in hiring under specific circumstances.