Which of the Following Is NOT an Assumption of the Economic

question 37

Multiple Choice

Which of the following is NOT an assumption of the economic order quantity model shown below? Q* =

• A)Demand is known,constant,and independent.
• B)Lead time is known and consistent.
• C)Quantity discounts are not possible.
• D)Production and use can occur simultaneously.
• E)The only variable costs are setup cost and holding (or carrying)cost.

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Definitions:

Trade Impact

Refers to the effects of trade policies and practices on the economy, including how they influence job creation, industry growth, and the balance of trade among countries.

Iroquois

A Native American confederacy made up of several tribes, originally including the Mohawk, Oneida, Onondaga, Cayuga, and Seneca peoples, known for their influential political structure and role in American colonial history.

Hurons

A Native American tribe, also known as the Wyandot, originally located in the Great Lakes region, known for their farming, trading, and alliance with the French during colonial times.

Jamestown Colony

The first permanent English settlement in North America, established in Virginia in 1607.