Which One of the Following Statements Regarding the Economic Order

question 22

Multiple Choice

Which one of the following statements regarding the economic order quantity is true?

• A)The EOQ model combines several different item orders to the same supplier.
• B)If an order quantity is larger than the EOQ,the annual holding cost exceeds the annual ordering cost.
• C)The EOQ model assumes a variable demand pattern.
• D)When the interest rate drops,both the holding cost and the EOQ decreases.
• E)EOQ is used to determine the optimum shipping quantity.

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Definitions:

Proactive Behaviours

Actions taken by individuals that are anticipatory, changeful, and self-initiated to influence themselves or their environment.

Proximal Socialization Outcomes

Immediate results that stem from the process of adapting and integrating into a new social environment or group.

Distal Socialization Outcomes

The long-term results of the socialization process, such as the integration into and acceptance by an organization’s culture.

Orientation Program

A structured introduction offered by an organization to acquaint new employees with its policies, procedures, culture, and the roles they will be assuming.