Which of the Following Is Not an Assumption Underlying Economic

question 32

Multiple Choice

Which of the following is not an assumption underlying economic order quantity?

• A) Demand is known and constant.
• B) The order is delivered as needed.
• C) On average one-half of inventory is in stock at any one time.
• D) Acquisition cost per unit is constant.

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Consumer Protection Legislation

Laws designed to ensure the rights of consumers are protected and to promote fair trade and accurate information in the marketplace.

Federal Jurisdiction

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Consumer Packaging and Labelling Act

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Dangerous Drugs

Substances classified under law as having a high potential for abuse and harm, often regulated or banned.