Figure 8-3 Martin Company Uses 625 Units of a Part

question 100

Multiple Choice

Figure 8-3 Martin Company uses 625 units of a part each year. The cost of placing one order is $8; the cost of carrying one unit in inventory for a year is $4.
-Refer to Figure 8-3. What is the EOQ for Martin?

• A) 100
• B) 50
• C) 45
• D) 30
• E) 20

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Definitions:

Duration

The length of time during which something exists or continues.

Statutory Close Corporation Supplement

Additional legal provisions or regulations applicable to a close corporation, closely held and not publicly traded, defined by statute.

MBCA

The Model Business Corporation Act, a set of laws proposed to standardize and regulate the incorporation and operation of businesses across the United States.

Board of Directors

A group of individuals elected by the shareholders of a corporation to oversee the management and strategic direction of the company.