The Allianz Company Produces a Specialty Wood Furniture Product, and Has

question 75

Multiple Choice

The Allianz Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:

Annual demand is 33,000 packages per year. The purchase price per package is $50.
What are the total relevant costs, assuming the quantity ordered equals 1500 units?

• A) $16,405
• B) $18,280
• C) $16,780
• D) $22,405

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Definitions:

Self-Actualization

According to Maslow, one of the ultimate psychological needs that arises after basic physical and psychological needs are met and self-esteem is achieved; the motivation to fulfill one’s potential.

Implicit Memories

Implicit memories are memories that are not consciously recalled but influence behaviors and skills, such as procedural memories for tasks.

Self-Actualizing Tendencies

The intrinsic drive to fulfill one's potential and achieve the highest level of personal growth and fulfillment.

Abraham Maslow's Hierarchy

A theory in psychology that arranges human needs into a hierarchy, suggesting that people are motivated to fulfill basic needs before moving on to other, higher level needs.