Which of the Following Statements Is/are Correct

question 7

Multiple Choice

Which of the following statements is/are correct?
i. The economic order quantity determines the optimum order size for individual inventory items.
ii. The economic order quantity cannot be used in a manufacturing organisation.
iii. The economic order quantity minimises the sum of the ordering and carrying costs.

• A) i
• B) ii
• C) i and iii
• D) All of the given answers

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Definitions:

Good Health

A state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.

Socially Inept

Describes individuals who struggle with social skills and often find it difficult to interact effectively with others.

Pessimism

Pessimism is the tendency to see the worst aspect of things or believe that the worst will happen; a lack of hope or confidence in the future.

Type A Personality

A temperament characterized by high competitiveness, self-imposed stress, impatience, and a sense of urgency, often linked with a higher risk of heart disease.