Table 15.4 Bowring Ball Bearings Has 10 Different Items in Its Inventory

question 227

Multiple Choice

Table 15.4
Bowring Ball Bearings has 10 different items in its inventory. The average number of units held in inventory and the average unit cost are listed for each item. The firm uses an ABC system of inventory control
-In the EOQ model, ________ costs are the fixed clerical cost of writing a purchase order, processing the paper work, and verifying the invoice.

• A) basic
• B) order
• C) carrying
• D) processing

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Definitions:

Vomeronasal

An auxiliary olfactory sense organ that is found in many animals and is used to detect pheromones.

Pheromones

Chemical substances produced and released into the environment by an animal, affecting the behavior or physiology of others of its species.

Specialized Cells

Cells that have evolved distinct structures and functions for carrying out particular duties in an organism.

Specific Receptor

Specific Receptor refers to a protein molecule that receives and responds to a specific substance or signal, such as a neurotransmitter or hormone, by initiating a specific cellular response.