Which of the Following Pairs Demonstrates the "Has-A" Relationship

question 1

Multiple Choice

Which of the following pairs demonstrates the "has-a" relationship?

• A)car,vehicle
• B)house,window
• C)teacher,person
• D)None of the above

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Definitions:

Economic Order Quantity

A calculation used to determine the most cost-effective quantity of inventory to order, minimizing both ordering and holding costs.

Safety Stock

Additional inventory beyond expected demand, kept on hand to prevent stockouts typically caused by uncertainties in supply or demand.

Inventory

The total amount of goods and materials held by a company intended for sale or used in production, crucial for managing supply chains and fulfilling customer orders.

Economic Order Quantity

A formula used to determine the ideal order quantity that minimizes the total costs of inventory, including holding costs and ordering costs.