Table 1
Jackson Enterprises Uses a Fixed Order Quantity Inventory $=20,000$

question 61

Multiple Choice

Table 1
Jackson Enterprises uses a fixed order quantity inventory control system. The firm operates 50 weeks per year and has the following characteristics for an item:
Demand $=20,000$ units/year
Ordering cost $=\$ 45 /$ order
Inventory-carrying cost as a percent of item value $=25 \%$
Item (Unit) value $=\$ 20$
Lead time $=5$ weeks
Standard deviation in weekly demand $=125$ units
-Using the information in Table 1, calculate the economic order quantity (EOQ) for this item?

• A) Less than or equal to 500 units
• B) Greater than 500 units but less than or equal to 1,000 units
• C) Greater than 1,000 units but less than or equal to 1,500 units
• D) Greater than 1,500 units

---

Definitions:

Cognitive Functioning

Refers to multiple mental abilities, including learning, thinking, reasoning, remembering, problem-solving, decision-making, and attention.

Mental Status Exam

A structured assessment of a patient's cognitive, psychological, and behavioral functioning.

Memory Difficulties

Challenges or impairments in one's ability to recall or retain information.

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex level beyond concrete facts.