The Number of Orders That Will Be Submitted Each Year

question 79

Multiple Choice

The number of orders that will be submitted each year for raw material is given by which formula?

• A)Economic order quantity ´ order point
• B)Total annual material needs/economic order quantity
• C)Order point/economic order quantity
• D)Total annual material needs/safety stock

---

Definitions:

General Environment

The broad external conditions (such as economic, legal, political, technological, and social factors) that affect organizations and their performance but are beyond their direct control.

Unemployment Rate

The percentage of the total labor force that is unemployed but actively seeking employment and willing to work.

Legal-Political Conditions

The framework of laws and political circumstances that influence how businesses and organizations operate within a society.

Political Party

An organized group of people with similar political aims and opinions, that seeks to influence public policy by getting its candidates elected.