Burgoon Uses an Economic Order Quantity Model and Has Determined

question 14

Multiple Choice

Burgoon uses an economic order quantity model and has determined an optimal order size of 500 units.Annual demand is 10,000 units,ordering costs are $50 per order,and holding costs are $4 per unit.The company's annual ordering and holding costs total:

• A)$2,000.
• B)$3,000.
• C)$21,000.
• D)$41,000.
• E)some other amount.
• Cartwright Graphics uses a special purpose paper on 80% of its jobs.The paper is purchased in 100-sheet packages at a cost of $100 per packagE.Management estimates that the cost of placing and receiving a typical order is $15,and the annual cost of carrying a package in inventory is $1.50.Cartwright uses 2,600 packages each year.Production is constant,and the lead time to receive an order is 1 week.

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Definitions:

Joseph McCarthy

An American politician who served as a U.S. Senator from Wisconsin and is best known for his anti-communist activities and the resulting "McCarthyism" during the early 1950s.

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A landmark piece of federal legislation in the United States that prohibits racial discrimination in voting.

1965

A significant year marked by events like the passage of the Voting Rights Act in the United States, aimed at overcoming legal barriers at the state and local levels that prevented African Americans from exercising their right to vote.

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A provision within the First Amendment of the U.S. Constitution that prohibits the government from establishing an official religion or unduly favoring one religion over another.