The Materials Manager for a Billiard Ball Maker Must Periodically

question 113

Multiple Choice

The materials manager for a billiard ball maker must periodically place orders for resin, one of the raw materials used in producing billiard balls. She knows that manufacturing uses resin at a rate of 50 kilograms each day, and that it costs $.04 per day to carry a kilogram of resin in inventory. She also knows that the order costs for resin are $100 per order, and that the lead time for delivery is four days. If the order size was 1,000 kilograms of resin, what would be theaverage daily total inventory costs, EXCLUDING the cost of the resin?

• A)$5
• B)$10
• C)$20
• D)$25
• E)$40

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Definitions:

Openness to Experience

A personality trait characterized by an individual's willingness to try new things, engage in a variety of experiences, and embrace novelty and change.

Conscientiousness

A character quality marked by being well-organized, reliable, and having a profound sense of responsibility.

Peer Acceptance

The degree to which an individual is socially accepted by their peers, influencing their social status and relationships.

Trait

Personality characteristics that are stable over time and across situations, thought to describe consistent behaviors in individuals.