A Company That Embroiders T-Shirts, Uses 15,000 Plain T-Shirts Annually

question 3

Multiple Choice

A company that embroiders t-shirts, uses 15,000 plain t-shirts annually. The optimal order quantity is 500 shirts. The company embroiders approximately 150 shirts daily. Using the ____ calculations, the company knows it should place an order approximately every 3 days.

• A)materials requirement planning
• B)just-in-time inventory management
• C)break-even
• D)economic order quantity
• E)independent demand

Understand the role and effectiveness of deliberate and automatic systems in achieving goals.

Grasp the concept of self-regulation and its importance in adapting to various circumstances.

Comprehend the accuracy of self-evaluation in goal setting.

Explain the cognitive evolution and functionality in decision making and behavior facilitation.

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Definitions:

Operating Cycle

The duration of time it takes for a company to buy inventory, sell it, and convert the sale into cash.

Cash Disbursements

Money paid out by a company for expenses, operations, or investments.

Accounts Receivable Period

The accounts receivable period is the average number of days it takes for a company to collect payments owed by its customers after a sale has been made.

Expected Sales

The projected amount of sales that a company anticipates to achieve within a specific period.