What Is the Economic Order Quantity for Firm That Sells

question 11

Multiple Choice

What is the economic order quantity for firm that sells 30,000 units annually, each unit has a $6 carrying cost, and the fixed cost of placing an order is $100?

• A)100 units
• B)122 units
• C)707 units
• D)1,000 units

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Definitions:

Ultimate Attribution Error

A cognitive bias where individuals attribute negative actions of out-group members to their inherent characteristics while attributing positive actions to situational factors.

Outgroup Derogation

The phenomenon of negatively evaluating or discriminating against members of an outgroup compared to one's ingroup.

Ingroup Bias

The tendency for people to give preferential treatment and positive attitudes towards members of their own group over those from other groups.

Social Situation

A scenario involving interactions between individuals or groups within a social context, influencing behaviors, thoughts, and emotions.