Examlex

Solved

A Company Expects to Begin the Coming Year with 6000

question 33

Multiple Choice

A company expects to begin the coming year with 6000 units of Product DD in finished goods inventory. It expects to sell 85 000 units of the product and end the year with 8000 units in finished goods inventory. Each unit of product DD requires 4kgs of Material X. The company expects to have 4000 kg of Material X on hand at the beginning of the coming year and wishes to end the year with 6000 kg in inventory. How many kilograms of Material X must the company purchase during the year?


Definitions:

Heuristic

A mental shortcut or rule of thumb that simplifies decision making, not guaranteed to be optimal, perfect, or rational, but useful for making quick decisions.

Subgoal

A smaller, intermediate objective set as a step towards achieving a larger goal.

Algorithm

A step-by-step procedure or formula for solving a problem.

Category

A class or division of people or things regarded as having particular shared characteristics.

Related Questions