Multiple Choice
If the economic order quantity is to be calculated in DOLLARS, then:
A) the annual demand must be stated in dollars
B) ordering costs MUST be stated on a per UNIT basis
C) carrying costs are stated in dollars per unit
D) all the above are true
E) none of the above is true
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Assuming the cost per order is constant,
Q15: A firm uses $20,000 of an item
Q16: In determining the economic order quantity (EOQ)
Q17: A supplier offers a quantity discount. Which
Q18: While working a simple EOQ problem, you
Q20: If a purchase discount is taken:<br>1) There
Q21: Which of the following is <b>NOT</b> true
Q22: K the constant used for lot sizing
Q23: Quantity discounts cause companies to:<br>A) Order sooner.<br>B)
Q24: Which of the following statements is best?<br>I.