Jonathan and Claire Own a Janitorial Company,getting as Many Contracts

question 52

Multiple Choice

Jonathan and Claire own a janitorial company,getting as many contracts as they can manage between the two of them.Sometimes companies do not renew their contracts due to their own insecure finances,which leaves Jonathan and Claire with less income until they can find replacement contracts.Which of the following myths about people who are poor does this scenario contradict?

• A) Most poor people are immigrants.
• B) Most poor people are welfare cheats and frauds.
• C) Most poor people are lazy.
• D) Most poor people are trapped in a cycle of poverty.

---

Definitions:

Economic Order Quantity

A calculation used to determine the most cost-effective quantity of stock to order, balancing ordering costs with holding costs.

Total Ordering Costs

The sum of all expenses involved in placing an order, including logistic, administrative, and product costs.

Holding Costs

Expenses incurred from maintaining and storing inventory, such as warehousing costs, insurance, and deterioration losses.

Inventory Quantity

The total number of units of a specific product or category of products that are held in stock by a business at a given time.