Even with an interest rate of 0.0%, the future value of a 5-year $800 annual annuity will be greater than the present value of the same annuity

Which term refers to a cross-functional team of decision makers who often represent several departments in a company?

A) value chain B) task force C) reference group D) buying center E) virtual group

Which of the following statements is correct?

A) Quantity discounts will not change the total inventory costs of the item. B) Inventory levels can be lowered by raising the order quantity. C) You must know the ordering cost to use the EOQ concept. D) If stock is not received all at once into inventory, then EOQ formula can be modified and used. E) None of the above is correct.