Economic Order Quantity (EOQ)includes Several Variables That Must Be Taken

question 91

Multiple Choice

Economic Order Quantity (EOQ) includes several variables that must be taken into consideration when calculating the optimal order size.One variable,the costs associated with holding inventory,is referred to as

• A)ordering costs.
• B)carrying costs.
• C)the reorder point.
• D)stockout costs.

---

Definitions:

Sequential Search

An algorithm that checks each element in a data set one by one until the desired element is found or the end is reached.

Key Comparisons

The process of comparing important features or aspects of items, concepts, or data values to determine their relationships or differences.

Accompanying Figure

This usually refers to a diagram or illustration that goes along with a text to help explain something described in the document.

Sorted List

A collection of elements arranged in a specific order, typically ascending or descending.