Answer the Following Question(s)using the Information Below

question 133

Multiple Choice

Answer the following question(s) using the information below:
The Wood Furniture Company produces a specialty wood furniture product, and has the following information available concerning its inventory items:
Annual demand is 10,000 packages per year.The purchase price per package is $16.
-What is the economic order quantity for Wood Furniture Company?

• A)150,000 units
• B)1,000 units
• C)75,000 units
• D)5,000 units
• E)1,464 units

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Definitions:

Blockchain Technologies

Digital ledger technology where transactions are recorded with an immutable cryptographic signature called a hash.

Environmental Scan

A strategic analysis tool used to understand the external and internal environment affecting an organization, including trends, opportunities, and threats.

Regulatory Force

External pressures from government bodies or regulatory agencies that influence or dictate certain behaviors within an industry or organization.

Behavioral

Pertaining to actions or reactions of individuals or groups in response to stimuli or situations.