The Economic Order Quantity Can Be Calculated Using the Following

question 264

Multiple Choice

The economic order quantity can be calculated using the following formula: Which of the following describes how the optimal order size will change if the annual demand increases by 36 percent?

• A) Decrease by about 17 percent.
• B) Decrease by about 7 percent.
• C) Increase by about 7 percent.
• D) Increase by about 17 percent.

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Definitions:

Economic Forces

Factors that influence the direction of economic activities and trends, such as supply and demand, inflation, and employment levels.

Nonmedia Social Factors

Influences on society and individuals that originate outside of media sources, such as family, education, and socio-economic status.

Sociologists

Experts who study social behavior, society, patterns of social relationships, social interaction, and culture.

Mass Media

Forms of communication designed to reach large audiences through mediums like television, radio, newspapers, and the internet.