If Your Company Had an Annual Purchase Cost of Items

question 30

Multiple Choice

If your company had an annual purchase cost of items equal to $2,000,000,an annual holding cost of $150,000 and an annual ordering cost of $750,000 this scenario would reveal that:

• A)Your fixed lot size was lower than the EOQ
• B)Your fixed lot size was equal to the EOQ
• C)Your fixed lot size was higher than the EOQ
• D)Nothing because there is insufficient information to discern where the EOQ would be.

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Definitions:

Active Religious Faith

The practice of engaging deeply and regularly in the beliefs, rituals, and activities of a religion.

Young

Being in the early or initial stages of life or growth; typically refers to children or youth.

Faith Factor

The impact of spiritual or religious beliefs and practices on an individual's health, well-being, or life expectancy.

Religiously Active

Engaging regularly in practices and rituals associated with a particular faith or religious community.