Which of the Following Is the Correct Mathematical Expression to Calculate

question 19

Multiple Choice

Which of the following is the correct mathematical expression to calculate annual relevant ordering costs?

• A) Demand in units for a specified period / (Relevant ordering cost per purchase order × Size of each order)
• B) Size of each order × Relevant ordering cost per purchase order / Demand in units for a specified period
• C) (Demand in units for a specified period / Size of each order) × Relevant ordering cost per purchase order
• D) (Demand in units for a specified period - Size of each order) × Relevant ordering cost per purchase order

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Definitions:

Rank

A measure of the relative position of an element within a set, often referred to in contexts like matrices or competitions.

Voters

Individuals who have the right to vote in an election, playing a crucial role in democratic processes by selecting leaders and deciding on legislative matters.

Candidates

Individuals who offer themselves for a role, position, or job, often through a selection or election process.

Utility Function

A mathematical representation of how consumers rank different bundles of goods according to their level of satisfaction.