Examlex
A(n) ____________ specifies a variable's name and data type.
Economic Order Quantity
is a formula used by businesses to determine the optimal amount of inventory to order at one time, aiming to minimize holding and ordering costs.
Variable Cost
Costs that vary directly with the level of production or service delivery.
Carrying Cost
Expenses associated with holding or storing inventory, including insurance, storage, and opportunity costs of invested capital.
Net Present Value
The difference between the present value of cash inflows and the present value of cash outflows over a period, used in capital budgeting to analyze the profitability of an investment.
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