Use the Following Data to Answer Questions 80-85

question 36

Multiple Choice

Use the following data to answer questions 80-85.
-Consider the data on Inventory for Blenders Over a 20-Day Period.Any time that ending inventory falls to 15 or below,an order is placed for 30 units of the product.The lead time for delivery varies and is shown in the column under Lead Time.If the backorder costs were $20 per unit,what are the total backorder costs during the 20-day period?

• A)$140
• B)$113
• C)$76
• D)$182

Grasp the significance of property rights in facilitating economic transactions and encouraging innovation.

Understand the concept of laissez-faire and its implications for government intervention in the economy.

Recognize the mechanisms by which money facilitates specialization and economic efficiency.

Identify the causes and consequences of market failures and the role of government in addressing them.

---

Definitions:

Familiar Faces

Recognition of and preference for faces that one has been exposed to previously or frequently.

Recognize

The ability to identify or acknowledge someone or something as previously known or familiar, based on memory or prior exposure.

Halo Effect

A tendency to assume that people with one positive attribute (e.g., who are physically attractive) also have other positive traits.

Social Perceivers'

Individuals involved in the process of interpreting others' behaviors, motives, and intentions within social contexts.