Which of the Following Is Not an Assumption of the Economic

question 40

Multiple Choice

Which of the following is not an assumption of the economic order quantity model?

• A)demand for the product is known with certainty
• B)total cost per year of placing orders is fixed
• C)lead time is known and is constant
• D)there are no quantity discounts

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Definitions:

Well-Learned Tasks

Tasks or activities that have been practiced to the point of requiring little conscious thought, often executed automatically.

Liberal

A political and social philosophy that emphasizes individual freedom, democracy, and the importance of civil rights.

Conservative

A political and social philosophy that promotes retaining traditional social institutions in the context of culture and civilization.

Social Loafing

The phenomenon where individuals exert less effort to achieve a goal when they work in a group than when they work alone.