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:

Labor Pool

The supply of available workers in a particular region or industry.

Demographic

Statistical data relating to the population and particular groups within it, often considered for purposes of market analysis, policy making, and sociological research.

Four-Day Workweek

A work schedule that allows employees to complete their usual working hours in four days instead of five, aimed at improving work-life balance.

Task Simplification

The process of breaking down a job or task into smaller, more manageable components to increase efficiency and ease of completion.