For a Particular Product,the Total Number of Orders Per Year

question 33

Multiple Choice

For a particular product,the total number of orders per year is 40,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 cannot be calculated.
• B)The time between orders is 7.
• C)The annual demand is 12,000.
• D)The annual demand cannot be calculated.

---

Definitions:

Financial Measures

Quantitative indicators used to assess the financial health, performance, and viability of a business or investment.

Balanced Scorecard Performance Perspectives

A strategic planning and management system that organizations use to communicate what they are trying to accomplish, align day-to-day work with strategy, prioritize projects, products, and services, and measure and monitor progress towards strategic targets.

Qualitative Performance Metrics

Measures used to evaluate the quality aspects of an organization's performance, such as customer satisfaction or employee engagement, that are not easily quantified.

Measure Map

Arrows added to the balanced scorecard showing the expected relationships among performance metrics.