If We Are Ordering Materials from an Outside Vendor,then the Total

question 48

Multiple Choice

If we are ordering materials from an outside vendor,then the total inventory-related cost on an annual basis is given by the sum of ______.

• A)total annual ordering cost,total annual holding cost,total annual stock-out cost,total annual materials purchase cost
• B)total annual setup cost,total annual holding cost,total annual stock-out cost,total annual materials purchase cost
• C)total annual ordering cost,total annual holding cost,total annual safety stock cost,total annual materials purchase cost
• D)total annual setup cost,total annual holding cost,total annual safety stock cost,total annual materials purchase cost

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Definitions:

Inattention

The lack of focus or failure to pay attention, often resulting in errors or lapses in memory or performance.

Hovland

Carl I. Hovland, a psychologist known for his work in communication and persuasion theory.

Source Characteristic

Attributes of the person or entity presenting information that influence the persuasiveness of a message.

Limited Time

A restricted period during which something can occur or must be completed.