For a Particular Product,the Annual Demand Is 12,000,the Number of Working

question 23

Multiple Choice

For a particular product,the annual demand is 12,000,the number of working days in the year is 320,and the EOQ is 300.Given this information,which of the following statements is true?

• A)The time between orders is 6.
• B)The time between orders is 7.
• C)The time between orders is 8.
• D)The time between orders cannot be calculated.

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Definitions:

Increased Efficiency

The improvement of a system or process's ability to produce the desired outcome with less waste, effort, or resource consumption.

Skill Requirements

The specific skills and abilities an individual needs to perform a job effectively.

Industrial Engineering

The branch of engineering dealing with the optimization of complex processes or systems.

Job Enrichment

The process of making a job more rewarding, interesting, and engaging by adding more meaningful tasks and duties.