________ is a situation in which a worker is forced to work part-time due to economic situations although she/he is willing to work full-time

FIll in the blank with correct word.

Answer: Underemployment

Business

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Taizhou Products uses 800 units of a product per year on a continuous basis. The product has carrying costs of $50 per unit per year and order costs of $300 per order

It takes 30 days to receive a shipment after an order is placed and the firm requires a safety stock of 5 days usage in inventory. (a) Calculate the economic order quantity (EOQ). (b) Determine the reorder point. (Assume a 360-day year.)

Business

A small business that uses factoring:

A) pledges its accounts receivable as collateral to obtain a loan from a financial institution. B) relies on a third-party consultant to apply for SBA-guaranteed loans. C) sells its accounts receivable to a third party to get the capital it needs. D) borrows money from lenders by offering them the option to convert the loan into stock in the company.

Business