The Table Provides Data About the Savings Behaviour of Canadians

question 165

Multiple Choice

The table provides data about the savings behaviour of Canadians in the year 2000.Use the information for the question below.

-In 2000,gross saving in Canada was

• A) $186.1 billion.
• B) $216.2 billion.
• C) $113.0 billion.
• D) $143.1 billion.
• E) $276.3 billion.

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Definitions:

EOQ

The calculation used by businesses to find the ideal number of units to order that minimizes the overall costs related to inventory, including storage and ordering costs.

Quantity Discounts

Price reductions offered to buyers who purchase in bulk or exceed specified quantities, incentivizing larger orders.

Cycle Counting

An inventory auditing procedure where a small subset of inventory, in a specific location, is counted on a specified day.

Cyclical Items

Goods or services whose demand fluctuates in a predictable pattern over time due to seasonal, economic, or other cyclic factors.