Use This Information to Answer the Following Questions

question 38

Multiple Choice

Use this information to answer the following questions.
A bakery buys sugar in 15-pound bags.The bakery uses 5000 bags of sugar each year.Carrying costs are $20 per bag per year.Ordering costs are estimated at $5 per order.Assume that the bakery is open 250 days a year and its daily demand is estimated at 20 bags.It takes 5 days for each order of sugar to be filled.
-Refer to the information above.What is the maximum inventory held in a given EOQ cycle?

• A)5000 bags
• B)200 bags
• C)50
• D)100 bags
• E)15 bags

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Definitions:

Enlightenment Thinking

A philosophical movement of the 18th century emphasizing reason, individualism, and skepticism towards traditional doctrines.

Birth of Sociology

The emergence of sociology as a distinct discipline in the 19th century, aiming to understand and explain societal structures, processes, and changes.

Class Consciousness

The awareness of one's place in a system of social classes, especially as it relates to the struggle against perceived injustices and exploitation within that system.

Quality of Mind

Mills’s term for the ability to view personal circumstance within a social context.