Which of the Following Is Not a Factor in the EOQ

question 49

Multiple Choice

Which of the following is not a factor in the EOQ inventory model?

• A)Annual demand for the inventory in units
• B)Cost of the inventory item
• C)Cost to place one additional order
• D)Cost to carry one additional unit in inventory

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Definitions:

Innovation

The process of introducing new ideas, devices, or methods to enhance processes, goods, or services.

Status Quo Managers

Leaders who prefer maintaining existing conditions or the current state of affairs within an organization, often resistant to change.

High Involvement Management

A management approach that emphasizes employee participation in decision-making and the day-to-day operations of the organization.

Organizational Culture

The shared beliefs, values, norms, and practices that guide the behavior of individuals within an organization.