The Ordering of Small, Frequent Orders

question 73

Multiple Choice

The ordering of small, frequent orders

• A)minimizes stockout costs.
• B)minimizes ordering costs.
• C)minimizes carrying costs.
• D)minimizes all three.

---

Definitions:

Law

A set of regulations developed and implemented by social or governmental bodies to control actions.

Royal Assent

The formal approval by a monarch to a bill that has passed both houses of parliament, making it law.

Governor General

The representative of the monarch in a Commonwealth country, performing various ceremonial, symbolic, and constitutional functions.

Provincial Bills

Legislative proposals under consideration by a provincial legislature that, if passed, become statutory law within that province.