A Given Car Holds $14 \frac { 1 } { 2 }$

question 340

Multiple Choice

A given car holds $14 \frac { 1 } { 2 }$ gal of gas. How many $\text { quarts }$ is it?

• A) 116 quarts
• B) 114 quarts
• C) 53 quarts
• D) 58 quarts
• E) 56 quarts

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Definitions:

Ordering Cost

Expenses incurred when placing an order for goods or services, including administrative costs and the cost of processing payments.

EOQ Analysis

Economic Order Quantity Analysis, a tool used in inventory management to determine the optimal order quantity that minimizes the total cost of inventory, including holding and ordering costs.

Carrying Costs

Expenses associated with maintaining inventory, including storage, insurance, and spoilage costs.