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:

Integrity Leadership

A leadership approach based on honesty and consistency of values, actions, and ethical principles.

Situational Leadership Model

A theory that proposes leaders should adjust their style of leadership based on the maturity and capability of the individuals or groups they are leading.

Leadership Style

The approach or method a leader uses to inspire, influence, and guide the behavior and work of others towards achieving specific goals.

Fiedler's Contingency Model

A leadership theory proposing that effective leadership style depends on the situational context and the leader’s orientation.