An Increase in Which Variable Will Cause the Economic Ordering

question 116

Multiple Choice

An increase in which variable will cause the economic ordering quantity to rise?

• A)product demand (sales)
• B)current level of inventory
• C)purchase price
• D)carrying cost

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Definitions:

Random Assignment

A method in experimental design where participants are allocated to different groups on a random basis to reduce bias and increase the validity of the results.

Construct Validity

The extent to which a test or instrument measures the theoretical construct it's intended to measure.

Experimenter Bias

The possibility that the experimenter’s knowledge of the condition a particular participant is in could affect her behavior toward the participant and thereby introduce a confounding variable to the independent variable manipulation.

Conceptual Replications

A method in scientific research where a study is conducted again with the same hypotheses but different methods or in different contexts to validate the original findings.