For a Certain Item,the Cost-Minimizing Order Quantity Obtained with the Basic

question 57

Multiple Choice

For a certain item,the cost-minimizing order quantity obtained with the basic EOQ model is 200 units,and the total annual inventory (carrying and setup) cost is $600.What is the inventory carrying cost per unit per year for this item?

• A)$1.50
• B)$2.00
• C)$3.00
• D)$150.00
• E)not enough data to determine

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Definitions:

Performance Management Systems

Systems designed to improve and maintain employee performance through goal-setting, feedback, and coaching.

Proactive

An approach characterized by taking initiative and action to prevent problems before they arise, rather than reacting to them after they occur.

Complex

Composed of many interrelated parts or elements, intricate, or difficult to understand.

Performance Review Session

A performance review session is a formal meeting between an employee and their supervisor to assess the employee's work performance, discuss goals, and provide feedback.