The Manager of the Quick Stop Corner Convenience Store (Which

question 119

Multiple Choice

The manager of the Quick Stop Corner Convenience Store (which never closes) sells four cases of Stein beer each day. Order costs are $8.00 per order, and Stein beer costs $.80 per six-pack (each case of Stein beer contains four six-packs) . Orders arrive three days from the time they are placed. Daily holding costs are equal to 5 percent of the cost of the beer.
If he were to order 16 cases of Stein beer at a time, what would be theaverage daily total inventory costs, EXCLUDING the cost of the beer?

• A)$2.00
• B)$4.00
• C)$1.28
• D)$3.28
• E)$2.56

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Definitions:

Selection Differential

The difference in a particular trait between the selected individuals for breeding and the general population, driving evolutionary changes.

Narrow Sense Heritability

The proportion of phenotypic variance that can be attributed to additive genetic variance, important in the prediction of response to selection.

Body Height

A measurement of an individual from the bottom of the feet to the top of the head when standing upright.

Phenotypic Plasticity

The capacity of an organism to alter its physical appearance or characteristics when the environment changes.