Restrictive Assumptions Used to Develop and Use the Basic EOQ

question 23

Multiple Choice

Restrictive assumptions used to develop and use the basic EOQ model include all of the following except:

• A)a non constant order cost per order
• B)a constant cost of holding each unit of inventory
• C)a very accurate inventory demand forecast
• D)a constant rate of inventory usage

---

Definitions:

OOH

Stands for Occupational Outlook Handbook, a publication by the United States Bureau of Labor Statistics providing career information on duties, education and training, pay, and outlook for hundreds of occupations.

Projections

Estimations or forecasts about future conditions or occurrences based on current trends or data.

Occupations

Various kinds of jobs or professions where individuals engage in specific tasks and roles for income.

Occupational Outlook Handbook

A publication by the U.S. Bureau of Labor Statistics that provides comprehensive information on job outlook, working conditions, and required education for various occupations.