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Discuss the assumptions of the economic order quantity (EOQ)model and its objective.
Legal Control
The exercise of authority or influence over something or someone, especially with regard to the enforcement of laws or regulations.
Minor
A person under the age of legal adulthood, which varies by jurisdiction but is commonly 18.
Express Ratification
The explicit approval or confirmation of a previously unauthorized act.
Age of Majority
The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.
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