Which One of the Following Statements Concerning the Economic Order

question 7

Multiple Choice

Which one of the following statements concerning the economic order quantity (EOQ) model is not true when the unit holding cost increases?

• A)the economic order quantity will decrease
• B)the number of orders per year will decrease
• C)total ordering cost will increase
• D)average inventory will decrease

---

Definitions:

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics of an organism.

Operant Conditioning Procedure

A method of learning that employs rewards and punishments for behavior, encouraging the occurrence of desired behaviors and discouraging undesired ones.

Jump Through Hoop

A metaphorical expression meaning to go through many difficult or unnecessary tasks or obstacles to achieve a goal.

Reinforcers

Stimuli that increase the probability of a behavior being repeated.