Which of These Conditions Is NOT Necessary for the Economic

question 45

Multiple Choice

Which of these conditions is NOT necessary for the economic order quantity model to be valid?

• A) The item has a constant demand.
• B) The item has a constant lead time.
• C) The item has a constant price.
• D) The item has a constant safety stock.

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Definitions:

Employ

The act of engaging individuals to perform tasks or services for compensation.

Land

In economics, this refers to all natural resources used to produce goods and services, including not just land itself but minerals, forests, and other resources.

NFL Teams

are professional football teams that are part of the National Football League, a major American football league consisting of 32 teams divided equally between the National Football Conference (NFC) and the American Football Conference (AFC).

Player Productivity

The effectiveness and efficiency with which a player or participant contributes to achieving the goals in a game or competition.