What Is the Formula to Calculate Ordering Cost

question 61

Multiple Choice

What is the formula to calculate ordering cost?

• A)number of orders per year × cost of placing an order
• B)number of orders per year/cost of placing an order
• C)average number of units in inventory × cost of carrying one unit in inventory
• D)average number of units in inventory/cost of carrying one unit in inventory

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Definitions:

National Government

A political entity that exercises authority over a nation or country and is responsible for the administration of public policy and national affairs.

Native American Policy

An overarching term for the United States' policies and attitudes towards Native American tribes, which have varied greatly over time, including periods of conflict, assimilation, and negotiations.

Congress

The national legislative body of the United States, consisting of two chambers: the Senate and the House of Representatives, responsible for making federal laws.

Ohio River

A major river in the United States that flows southwesterly from western Pennsylvania to the Mississippi River, serving as a natural boundary and important transportation route historically.