A Factory Uses 625 Tons of Steel Per Year to Make

question 9

Multiple Choice

A factory uses 625 tons of steel per year to make reinforced rods.Its ordering costs are $40 per order,and its holding costs are $5 per ton.According to the economic order quantity (EOQ) model,approximately how often does the company have to place an order to maintain optimal order quantity? 

• A) ​Every 55 days 
• B) ​Every 56 days 
• C) ​Every 57 days 
• D) ​Every 58 days

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Definitions:

Proximity

Physical or psychological closeness between people, which can influence various aspects of interpersonal relationships, including attraction and communication.

Chromatics

The study of color, often in relation to its properties and impacts in various contexts such as art, design, and psychology.

Color

A property of light as seen by people, primarily red, green, or blue, and perceived through sight.

Nonverbal Cues

Refers to communication without words, such as gestures, facial expressions, and body language, that convey messages or emotions.